uptrendfinancialsignal
Verified member
From what I've seen, so many businesses go bankrupt because of poor financial management, excessive debt, and when there is unexpected economic downturns as well. Secondly, It's worth mentioning that businesses can also face bankruptcy if they do not try to adapt to changing market trends too or if they overlook innovation in their industry that they are in . To be honest, bankruptcy can be caused by some factors and it includes the combination of factors such as ineffective marketing strategies and also, lack of planning.