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Business strategy
Number 1 reason why new businesses fail
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[QUOTE="btaliat, post: 203616, member: 26390"] Reason for bad business starts from the moment the intending business owner chooses business line that he doesn't know more about. There is need for market research before any business can be started. The results of this market research will determine the location of the business. Not only that, it will also determine the right marketing tools to be used in propagating and marketing the business. The management style also matters. Managers and their style always detemine the success or failure of businesses. A manger should be flexible to know the right option to use while trying to manage his business. Not only this, there is also need for the manager to know the style to adopt while dealing with competitors that will surely ensue in the course of running his business. [/QUOTE]
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Number 1 reason why new businesses fail
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