What causes small businesses fail and what makes them succeed?

Small businesses fail due to:
  • Lack of capital.
  • Inability to generate sales.
  • Poor cash flow.
  • Product quality.
  • Marketing and advertising no response.
  • Lack of adaptation to changing market conditions.
What makes them succeed:
  • Adequate financial planning - they know how much they need, when business is going to win, how will win.
  • Excellent planning from the beginning.
  • They are able to find a niche in highlighting.
  • To strive for quality first.
  • He listens to customers.
  • The innovative, quick to respond to changing times.

1 comentarios:

Johnmark1478 said...

One can easily develop a small business by applying some techniques.So in this case they are doing the same things.At the first time they were so able to change its formation whenever they want.

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