Upsetting
Wednesday, June 11, 2003
 
In his book Small Business Management, Michael Ames gives the following reasons for small business failure:

1:Lack of experience
2:Insufficient capital (money)
3:Poor location
4:Poor inventory management
5:Over-investment in fixed assets
6:Poor credit arrangements
7:Personal use of business funds
8:Unexpected growth

Gustav Berle adds two more reasons in The Do It Yourself Business Book:
9:Competition
10:Low sales
 
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