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Top 10 reasons why business fail

Are you thinking about starting a business? Before you move forward with starting a business, familiarize yourself with the top ten reasons why businesses fail. If used correctly, this list can help save your business from failing.
  1. Failure to Adapt to a Changing Market
  2. Over-expansion. The need to get there first or to demonstrate revenue growth to anxious investors leads businesses to grow too fast.
  3. Disregarding or misinterpreting financial records.
  4. Not seeking advice or professional help when necessary.
  5. Not carrying adequate and appropriate insurance.
  6. Failing to aggressively sell.
  7. Failing to adequately train and develop employees.
  8. Poorly Designed Business Model
  9. Reliance on Critical Financing that Dries Up
  10. Inadequate accounting records.

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