15 reasons why businesses fail (and how to succeed)

1. Poor cashflow Cashflow is the life blood of your business, without it you cannot survive. Even the most profitable firms can find themselves going out of business because their cash is tied up in unpaid invoices. 2. Lack of focus If your business is trying to be everything to every man, then you're bound to overstretch yourself and your resources. By establishing a niche for your business and focusing on being great at what you do best, you will provide better service and create more satisfied customers. Without focus and achievable goals, many businesses find it hard to set

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