Small Business Investing

Managing a Small Business

What are some other reasons why a small business might fail?

According to small business experts and editors at The New York Times, small businesses may fail because: demand for the product or service and price assumption is incorrect; owner incompetency; inability to manage growth; poor financial attention and accounting; no cash cushion; average (rather than exceptional) abilities to operate the business; insensitivity to cost control and expense management; management dysfunction; no succession plan or exit strategy; and declining markets.


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