Top Reasons Business Fail

Many entrepreneurs and executives have often asked me what are the major causes for new businesses, products and / or services failure. Below i have listed what is believed to be the top 8 reasons.

Ignoring the competition.

Sloppy or ineffective marketing.

Ignoring customers´ needs.

Incompetent employees.

Lack of versatility.

Poor location.

Cash flow problems.

Inadequate planning

The Maslow Group can help your company develop a thorough business plan (including contingency planning) to reduce your risks of failure.