Why small businesses fail

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1- No business plan or poor planning
A clear description of the business
Current and future employee and management needs
Opportunities and threats within the broader market
Capital needs, including projected cash flow and various budgets
Marketing initiatives
Competitor analysis
2 - Failure to understand customer behaviour today
3 - Inventory mismanagement
4 - Unsustainable growth
5 - Lack of sales
6 - Trying to do it all
7 - Underestimating administrative tasks
8 - Refusal to pivot
9 - Lack of data
10 - Poor management
Category
Management
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