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:

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

3. Insufficient capital

4. Wrong location

5. Heavy competition

6. Uncontrolled growth

7. Seasonal business

8. Tax issues

9. Fraud

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.

A business with a good business plan, marketing ......

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

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