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With 85% failing in the first year and even after 10 years the failure rate is still close to 33%. Why is this? We know that small business plays an important role in serving the needs of our society, why do they fail? The most prevalent reasons are lack of business experience, poor planning and under capitalization. These core reasons are all interdependent on one another and if one fails, the whole thing fails. If your small business is selling to the general public, a poor location can be a death warrant. Poor inventory management can be a major failure indicator. If the inventory level do
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