Online Test Banks
Score higher
See Online Test Banks
eLearning
Learning anything is easy
Browse Online Courses
Mobile Apps
Learning on the go
Explore Mobile Apps
Dummies Store
Shop for books and more
Start Shopping

Reasons Why Small Businesses Fail

Part of the Business Plans For Dummies Cheat Sheet (UK Edition)

Many different conditions can cause a small business to fail; some of the major reasons may be down to one or a few of the following. Safeguard your business by making sure you don’t fall into any bad practices such as these:

  • Lack of a long-term company vision

  • Failure to establish clear goals and objectives

  • Misunderstanding what customers want

  • Underestimating the competition

  • Inadequate financial planning

  • Lack of strong leadership

  • Ineffective procedures and systems

  • Absence of critical business skills

  • Inability to change

  • Failure to communicate the plan

  • Add a Comment
  • Print
  • Share
blog comments powered by Disqus

SERIES
Business Plans For Dummies Cheat Sheet (UK Edition)

Advertisement

Inside Dummies.com

Dummies.com Sweepstakes

Win $500. Easy.