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Most popular reason for business failure
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[QUOTE="Sotherefore, post: 216602, member: 27033"] In the business world today there are things we ought to put into consideration when deciding to establish a business, sometimes when the right decision are being made a business is likely to be more successful than when everything is not arranged properly. There are so many reason why most business are not successful , some of these reasons could be as a result of economics crisis, lack of business capital and so many other factors. But now I am bringing one of the most popular reasons why most business are not likely to be successful which is :- *LACK OF EXPERIENCE MENTOR: Most entrepreneur when starting a business do not really consider this as a very important factors. Although some business may not need a mentor to succeed , Also in most businesses lack of experience mentors is always the reason why these businesses are not likely to be successful. Some business managers are able to manage a business based on experience and their academic qualification but if an entrepreneur is establishing a business for the first time , he or she may not really have a better understanding of the business , as a result getting in touch with experience adviser should be the most important priority. I have seen a lot of entrepreneur who chooses to receive advice about business from people that have no single business understanding , This is not always the best option in most business. When people without better experience gives advice concerning a business they might not really understand the Situation of These business and the right direction to tackle the problem from compared to people with more experienced. [/QUOTE]
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