12 Key Reasons Why Companies Fail

1. Inadequate planning of the business.
2. Inadequate planning of the business.
3. Inadequate planning of the business.
4. Insufficient initial capital for start-up period and development stages due to inadequate planning.
5. Mistaken estimate of market demand for product or service.
6. Lack of management ability.
7. Failure to select and use appropriate outside professional advice.
8. Inability to market product or service effectively.
9. Over dependence on a single individual or on a predicted specific event.
10. Failure to understand capital requirements of a growing business.
11. Poor timing of expenditures due to poor planning.
12. Expedient rather than reasoned decision-making.