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Business strategy
Causes of failure in business
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[QUOTE="Lens1000, post: 237353, member: 37726"] The truth be told , the business failure could be caused by so many things. The aim of every business owner is to ensure the success of the business. Majorly, I the business failure could be when the business isn't making profits. Profits is a yardstick that is used to measure the success rate of a business and that's basically one of the reasons why a business that is making profits could be termed as a failed investment. So, it is very important to ensure that you make some profits if a business is to be regarded as been a successful one. The number cause of the business failure could be improper business plans. When the business isn't having a very good business plans . It is very likely that the business may fail and that is why one need to put on the table a very good, sound and result oriented business plan. This is the type plans that will put the business on the profit ladder. If the business plan isn't good, or if it's faulty, it will mark the beginning of the business failure. In the same vein, the knowledge on the risk of the business is equally important and that is basically the major reason why the knowledge of risk Management is very important. [/QUOTE]
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