Reasons for business failure, Business Objectives & Types of Businesses to Choose
- Created by: Nora_Almor
- Created on: 08-10-17 16:54
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- Reasons For Business Failure
- Poor Planning
- Poor Choice of Location
- Poor Cash-Flow Management
- Economic influences
- Poor Management Skills
- Competition
- Lack of Objectives
- Poor Marketing
- Failure to Invest in New Technologies
- Lack of Finance
- Type of Bussinesss to Choose
- does the owner want to manage directly?
- Size of Business?
- Number of owners?
- Incorporated or Un- incorporated?
- How quickly does it need to be set up?
- Business Objectives
- Stay in business beyond the first 2 years
- Make a Profit
- be socially, environmentally and ethically responsible for its business activities
- Increase in market share
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