I’ve read that common reasons include poor cash flow management, lack of market research, and ineffective marketing strategies. I’d love to hear from experienced entrepreneurs on what they think are the biggest causes and how to avoid them
Around 90% of small businesses fail due to poor financial management, lack of market demand, weak business planning, ineffective marketing strategies, and inability to adapt to changing trends, leading to unsustainable growth and eventual closure.
Poor financial management, lack of market demand, weak business planning, ineffective marketing strategies, and absence of ability to adjust to the changing trends contribute to unsustainable growth rate and closure of about 90% of small businesses.
