ANSWERS: 27
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competition and cashflow
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Lack of customers/trade!
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Mismanagement
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Not having enough money to start begin with. Merchandise costs and if there isn't enough money to stock your store, business soon evaporates.
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Not enough customers to keep the business running and not enough income to pay the bills involved in running the business.
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Bad money skills,the more money you make doesn't mean buy more and get bigger.
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Lack of adequate "capital"!
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Walmart.
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undercapitalization, lack of an adequate business plan, not working a specific niche in their business, unplanned lawsuits, misdirected marketing, and a big ego on the part of the businessperson who is "too smart" to get the help he or she needs.
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THE most common reason for small business failures is undercaptialization.
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It is my understanding that some small businesses fail because their client base exceeds their production capabilities. I suppose that could fall under poor management.
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Wrong place for the right business or the right business in the wrong place. Location, Location, location.
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Pocketing the money at the end of the day, which falls into lack of bussiness management knowledge and skills
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I can get it cheaper elsewhere! :)
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Competition and couldn't survive as the fittest. Not enough infrastructure, capital and obviously quality. The higher brand names masking it out. Not enough market base at the beginning. And some "good" people who want themselves to thrive.
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Weak business plan and hiring family rather than qualified people.
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start up costs and overheads
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Lack of education in business matters and tax information.
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Inadequate research; a. Location b. Competition c. Whether you can compete with the big guys on pricing d. Too much overhead, trying to make a big splash upon opening without enough to fallback on. e. Not considering the demographics of your area f. The economy g. Wasting money h. No business Plan To start.
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Lack of proper training and business knowledge.
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underestimating costs and timescale, overrating ones abilities, failure to define market, incorrect pricing, failing to utilize technology, over-dependence on a single customer or supplier, uncontrolled growth, failing to delegate, and poor general management
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Small vision.
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Wal-mart
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That is easy. Not enough prior research.
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Insufficient revenue from lack of customers, which is in turn a function of overestimation of demand or underestimation of the need already being fulfilled by existing competitors.
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oh my, where can I begin? the location of the business.... ........not enough advertising......local radio's a good place to start... .............not enough variety in your inventory... .................lack of proper training of employees ...................the general appearance of the business and the 'impression' it makes on people. and again, location!!!!!!!!!!
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I have not to think long about this one - it is a matter of Customer Care. Small businesses can even get big when the courtesy and personal interest in the customer is excellent. Timing and planing, sticking to estimates and good work or sales go "mouth-to-mouth" advertising very fast - no matter of what kind the small business is. Focused interest on a customer is the key! Good to meet you here, Ed, I am Karin.
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