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Unique reasons some newly established business shutdown or go bankrupt.
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[QUOTE="blessingc, post: 247135, member: 73446"] [JUSTIFY][SIZE=18px][FONT=Times New Roman]Having a business means alot and adds up a lot of responsibilities to the owner. There many principles a good business owner must follow to achieve a successful business, a business that brings forth alot of profits. Lack of good business plan can make a business go crashing. Before anyone starts up a business it is advised that he or she writes a budget for that business, a plan that can serve as a road map , so that when things start going wrong you can get back on track by checking out your plan. You also need a business plan to answer questions if investors when they come to invest, not having a business plan shows you are not serious about your business. For your business to be successful, you need good work force, you need a work team that cooperates and puts head together to make your business successful. You need to encourage them by giving them incentives, and paying them their dues at the right time so they can work harder to make their pay come as always. One of the most important part is situating your business at a good location, a location that doesn't drive away customers because if insecurity.[/FONT][/SIZE][/JUSTIFY] [/QUOTE]
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Unique reasons some newly established business shutdown or go bankrupt.
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