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Business strategy
Number 1 reason why new businesses fail
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[QUOTE="Alexandoy, post: 205894, member: 25510"] This topic reminds me of an interview that I saw on tv. The owner of a popular fast food here said that there are a thousand and one reasons for a business to fail. That may be true because at that moment my mind went back to the time that I had my business. Everything was going great after a year of operation that I hired more sales staff. With 4 people doing the sales my business was really looking good and it can be considered a success. There were plans to buy a car so the sales staff can have their own transport. I was managing the business and I was giving it all my time. So what can make it fail? After 3 years of operation the business was on a downward direction. We were losing the big customers. It was really a surprise that my business partner had created his own version of the business and was pirating our customers. That one was not written in the business books. [/QUOTE]
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Number 1 reason why new businesses fail
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