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You are here: Home / FAQs / What are the reasons for business failure?
FAQ : Business Success / Company Incorporation

What are the reasons for business failure?

There could be a combination of reasons or a singled-out reason why your businesses is a failure. Here are 7 common reasons why businesses sink:

  1.  Operating with a vision not supported by a strong strategy
  2. Hiring the wrong people
  3. Letting politics ruin the business atmosphere
  4. Not trusting your team
  5. No culture of excellence
  6. No target market identified
  7. No understanding of how to generate money

To get a full understanding of the 7 reasons, please refer to our blogpost on 7 Reasons Why Businesses Fail and How To Avoid It.



Related questions?

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  3. What are the types of business entities?
  4. What are the documents required for Singapore subsidiary formation?
InCorp GroupPrimeGlobal

Rikvin Pte Ltd

EA License No. 11C3030

36 Robinson Road,
#20-01 City House,
Singapore 068877

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