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Most popular reason for business failure
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[QUOTE="TOZZIBLINKZ, post: 219818, member: 37528"] The vision of every business owner is to make sure that his or her business flourish and prosper , yet many business owners with this kind of vision toward their business still fail . This is as a result of some factors that will not put into proper consideration either when starting or running the business . During the initial stage of starting a business , business owners fail to put the aspect of location into proper thoughts and so they go ahead to establish their businesses in areas where they can't reach potential customers for them to make profits . And a business who doesn't make profit is unhealthy and prone to go bankrupt anytime soon . and also in the cost of running the business most business owners lack good customer service , also in most business organisation employees workers and staff lacked the requisite treat on how to treat they're customers or clients , this makes the business organisation customer service to be very poor thereby driving away patronage from members of the public . There are other factors also to put into consideration to prevent the failure of a business but location and quality of customer service are the major factors . [/QUOTE]
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