Why Do Businesses Fail?
The million dollar question that all companies must face is - why do businesses fail? It's important to turn this question over in your mind if you have even a modicum of interest to go out on your own. Ignoring the hard truth that you might not succeed prevents you from learning from other people's mistakes. Signs of failure According to Forbes, some companies go under while others thrive for several reasons - many of which are multi-faceted. Here are a few reasons why businesses fail:The inability to teach clients about the product, if it does something that's new and innovative.Failure to launch an idea because you've waited too long.Keeping quiet during opportune times to sing praises about your company.A lack of flexibility - oftentimes new ideas need to be molded to work.Squandering funds that should be spent elsewhere.If you've fallen…