What are the reasons for business failure?

There could be a combination of reasons or a singled-out reason why businesses fail. 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.

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