what really lead to collapse of a business
November 24, 2015 6:10pm CST
Business is a social economic activities with the aim of making profit and solving problems.some business dies from inception while some only last for few months before folding up. different factors contribute to the collapse of the business from poor planning, to poor implementation of plans while some didn't carefully carry out the business feasibility studies. But what are those factors that really contribute to early collapse of a business
5 people like this
• Green Bay, Wisconsin
25 Nov 15
I think you hit it on the head with poor planning. You need to know where your business is headed before you even get it off the ground. Without solid planning it won't go anywhere. You also need people with vision who will work with you to make the business a success. If you read about the top businesses today and how they got where they are, I think you will see those two points in the top positions of a good business model.