REASONSHOW TO AVOID (List ways to avoid)BUSINESSESFAILUREMistaking ABusiness for aHobbyAsking Friends &Relatives for AdviceAsking Friends &Relatives for MoneyMismanaging MoneyPoor MarketingNo Business PlanNo Understandingof PricingInability toManage GrowthInability to Plan forTransitional PeriodsLack of CommitmentFailure to Set andRevise GoalsInability to Developand MonitorFinancialStatementsInability to BalanceBusiness & FamilyUnderestimation ofthe TimeRequirements

Business failure refers to a scenario whereby the business operations are ceased on a permanent…

Answered: REASONS OW TO DID (List ways to avoid)…

REASONS OW TO DID (List ways to avoid) BUSINESSES FAILURE Mistaking A Business for a Hobby Asking Friends & Relatives for Advice Asking Friends & Relatives for Money

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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