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Reasons why people fail in business
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[QUOTE="Augusta, post: 68399, member: 25283"] A lot of businesses failed not because the capital wasn’t huge enough, but that other forces militated against it. The followings are reasons why businesses fail: [LIST] [*]Lack of passion and drive [*]Not having a good business plan in place. A business need a good plan and to be well executed too [*]Starting a business with no pre-knowledge of what it entails [*]Lack of effective communication and advertisement [*]Siting the business in a wrong location [*]Not competing favorable with your competitors [*]Lacking in interpersonal skills: Relating badly with others in the business [*]Bad attitude and treating customers with disdain.: Without customers, the business will die naturally [/LIST] [/QUOTE]
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