| Top 10 Reasons Why Businesses Fail | |||
| 1. | Lack of management systems. |
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| 2. | Lack of vision and purpose by owners. | “Organizations that confuse offense with defense, Aggression with protection invariably deplete their resources. Therefore those whose job it is to advise the leaders of organizations are responsible for holding the organization back from the excesses that lead to collapse.” | |
| 3. | Lack of financial planning and review. | ||
| 4. | Over
dependence on specific individuals. |
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| 5. | Poor market segmentation and/or strategy. | ||
| 6. | Failure to establish and/or communicate company goals. | ||
| 7. | Competition/lack of market knowledge. | ||
| 8. | Inadequate capitalization/under-funding. | ||
| 9. | Absence of a standardized quality program. | ||
| 10. | Owners concentrating on technical rather than strategic tasks. | ||
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325 Box Elder Drive
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West Chester, Pennsylvania
19380
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Telephone: 610-431-4833
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