Mainly they are 1. under capitalized 2. Under educated as to business 3. a must to know how to market a given. There are so many reasons I cannot list them all. Q. 1 Look in the phone book under Gov. listings and call The Small Business Org. make an appointment and they will explain all. Q. 2 I have listed several reasons if one does not have a B A in Business then go to work for somebody under who s tutoring you can learn how to operate a business. Remember there is no such thing as opening the door and waiting for people to find you. It does not happen.
The only survey I have seen on this topic stated that the following three reasons were responsible for 89% of all business failures: Inadequate sales 50% Competitive weakness 25% Excessive operating expenses 13%The Small Business Administration, the IRS and the Department of Commerce all have programs of value to small business as well as large enterprises.Lack of management experienceUnrealistic goals and timeframesLack of business, legal, and/or financial knowledgeThere are enough others to fill a book.Hope this helpsJerry-the-bookkeeper
1. People not understanding all that is involved.2. Do not look to the government for help.3. They try to do everything
