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Avoiding Business Bankruptcy : Why Businesses Fail

Hello reader, this article, which, for purposes of brevity, we have titled Avoiding Business Bankruptcy, is one of our collection of effective and revealing pieces that we have sought out and collected from well-known writers in the field. If you tihnk the 'Avoiding Business Bankruptcy' feature helpful, please let us know.


Avoiding Business Bankruptcy Article:

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''''''''''' Everything in nature has been endowed with what it needs to survive. .....
Businesses fail for a great variety of reasons, but some
reasons are more common than others. Columnist Doug Hood, in
the September 2000 issue of INC. Magazine, provided what he
finds to be the ten most common reasons that businesses
fail. They are:

When we started the Avoiding Business Bankruptcy article, you probably wondered where it was going - understand now? Well read on for more...


1. Lack of planning

2. Lack of experience
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3. Insufficient capital

4. Wrong location

5. Heavy competition
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6. Uncontrolled growth

7. Seasonal business

8. Tax issues

9. Fraud

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10. Management turnover

While there can be a number of causes and root problems for
each of these issues, I think it really boils down to the
number one reason on the list: LACK OF PLANNING.
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Word Count:591
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A business with a good business plan, marketing ......

Hopefully, you are now somewhat better informed about Avoiding Business Bankruptcy.

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Disclaimer: The Avoiding Business Bankruptcy advocacy written here on our column is supplied only as general debate and general wisdom reasons solely. This Avoiding Business Bankruptcy briefing must not be taken as expert information and is definitely not compiled to replace an appointment with a professional consultant. Before taking action on this Avoiding Business Bankruptcy help you should consult with your properly qualified consultant for detailed suggestions and detailed qualified information in advance of making decisions regarding Avoiding Business Bankruptcy or any other related matters.