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Why many small-scale businesses today and not making sales.
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[QUOTE="moonchild, post: 220325, member: 57467"] I love small business, and they are the bedrock of the economy because they make money circulate around people but lately small business keep on closing down because of many factors which you mention some in your post. Most small business are not in the correct business, they don't understand where they belong in the value chain, most of the are just there because they heard a business is making money or there is money in an industry for example, there are a lot of people that started a tech start up because they heard tech start up pulls in a lot of money from venture capitalists. So this type of people will not do any market research and will just jump into it and they will fail woefully and start blaming other factors for their failure. Before small business owners get into the business at first they should try to understand if there is any demand for their business at first, f there is not any then they should just keep their money instead of wasting it in the name of starting a business. Small business owners should also start small and focus on their what is important and should forgo the idea of starting on a big scale. [/QUOTE]
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Why many small-scale businesses today and not making sales.
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