Why Businesses Fail

Posted by CFOWISE under Management
From http://cfowise.com 4942 days ago

I have recently done some research on what makes businesses fail. There are a lot of books, articles, and even academic research on the subject. And there are also lots of blog posts with catchy titles like "Top 5 Reasons Businesses Fail." It's a popular topic, but I have to admit most of the information I've found focuses more on symptoms than on root causes.

Who Voted for this Story

Top BizSugar Users

This week's most active BizSugar users. Join Them!

Comments

Written by ShawnHessinger
4938 days ago

Hi Ken,

I can remember some years ago reading a fact sheet from the SBA suggesting that most companies don't fail because of lack of business but because of poor management. I'd say that falls under the very broad category of multiple poor decisions too. But, of course, the list you've provided takes a much more specific, analytical look at the types of bad decisions or poor management involved. Think there's a book in here somewhere, my friend! :)

- 0 +