%���� 0000003220 00000 n endstream endobj 29 0 obj <> endobj 30 0 obj <> endobj 31 0 obj <> endobj 32 0 obj <> endobj 33 0 obj <>stream ?j߅�D����C�d�Ɵ" qϵ{گV����i�B6~p�+:< }t4b��hN#%�mݹ����o�UnF��bz�_�\�}�.f��,�υ�q�rR�W}�5b�۝��Kô�h�[���}Dk�0n����K�,� g8�����$I)����vݢ�����$"��7W74{��S��ݓ��($�?�=�=C�}��lZy���H0����Z�*�^Y�y#�����;�B^�H��ܢ��1�ʓA�>2Pt���m���TG��Rs�c�f��� �GI|�3��,4�v�h�A_h��ʃ���;�:�9��a:��ڃMpɥ��i� �9��� �)�oCLy���o�)Sx,(8����. (The single biggest cause of business failure is a lack of sales, but today I will leave this out because this subject deserves the whole article to its self for another day.) About h alf o f the studies on BF analyze the determinants of failure… %PDF-1.4 factors cause business failure (Berryman, 1983). Typical causes of project failure occur when the following criteria for success are not met: 1. on time delivery, 2. on or under budget, and 3. acceptance by client based on stated scope of work. /ColorSpace /DeviceRGB 0000001096 00000 n %PDF-1.3 ]/�/���(�!B9(���P�qf�ٻ�� �&lr���sn��3���)8PÈd��sA���yD�p^63 /Type /XObject The first step in learning to avoid business failure is understanding what is likely to cause it. �MFk����� t,:��.FW������8���c�1�L&���ӎ9�ƌa��X�:�� �r�bl1� The most common reasons small businesses fail include a lack of capital or funding, retaining an inadequate management team, a faulty infrastructure or business model, … The most common causes of business failure are: 1. 0000002858 00000 n x��}�{\�u��/g�M��o��|�c{,��&�=�Nj,�#K�I�����I $�����ݍ}%ο�9U���ފ����#����^�����uko���Aı����W>[��� �8V�j&� � � � � �d��d� � H6H6� �d��d� � �` � � � � � � �` � � H6H6� �d��d� � �` � � H6H6� �d��d� � �` � � � � � � �` � � H6H6� �d�d� � H6H6� � � � � �` � � H6H6� � � � � �` � � H6H6� �d�d� � H6H6� ���z��(�����{٫�0���s���j��>;����c������Xz�h�ƥ��{��? 0000012518 00000 n <> Only a … The requirement to identify a market for your idea or the product is more important than the product itself. /N 3 /Length 16542 v I dedicate this thesis to my wife, Angelina, and my four children for the forbearance shown when denied quality time often enjoyed by many families . /BitsPerComponent 8 stream However; there are some common causes of failure that fits the profile of any business. Keywords: business failure, failure research, concept of failure 1 Introduction Success and failure are often seen as two sides of the coin, so that by avoiding the Usually, companies not at risk have fairly low scores (0–18 being common), whereas those at risk usually score well above 25 (often 35–70). stream {{{;�}�#�tp�8_\. 0000029163 00000 n 0000003546 00000 n /Subtype /Image /Producer (Apache FOP Version 1.0) To be successful in business, you must master the basics of business success. endobj 38 0 obj <>stream these challenges and adequately plan to avoid common causes of project failure. Factors that can cause your business to fail include: •Not having the right skills, qualifications or experience to run a business. )�|����M�O]L��}bG7FXV�kH�H��ι!ș�4�~ ���w��i�jj�[o���=I ���/�$T�A{(�H�ښ�p"3��6v}pS/�i�d��4����&�U&Ib���ͮpWx�( @~ (* {d+��}�G�͋љ���ς�}W�L��$�cGD2�Q���Z4 E@�@����� �A(�q`1���D ������`'�u�4�6pt�c�48.��`�R0��)� /Length 11 0 R 0000039800 00000 n Some of the leading management mistakes that lead to business failures are: going into business for the wrong reasons; the entrepreneur gets worn-out and/or underestimated time requirements; family pressure on time and funds; pride; lack ������� ;�փ�K�! startxref x��=�rݸ�����[R�␸`��\v=٭lbO�!��eY˒F��8����K_��9G��Tee��}�F���M� f���v���A�y`��q]7���;:�m��y͐�q�攚Sߚ�@�`s��mͱ��+M7LV6={�6�M9�֌��`�>X��c�j�����@o� ���5}��V䍕��V6Glz��Oҝ!C*2�1����'d:�jXc����Vb>�z��FB#p&ь3��΅L�h2��D���.,�0a�6G���t�$"��F��7��FִSt��M3���a`3Ddj�y]Q3/�e�.��S�����ͨ��_d� � se��vV���D Business is an art as well as a science. /Type /Page <> 0000007818 00000 n x�b```b``����� .� �� �@Q������|*G>60` ��"}2��awJ����b�Y��N�.��� ���p$2$r�APPPH :::@l ��h`����@6�\F�� f;�Q��;��*��mWf�c[�� �IJB����{� |2^�(���u�1g�A5��%^�aR�n�w�l�$����\�7�/X1&3�8��F���:�,�@,��8�� ^` �C� ?|�A}yE���J��w��ʔ���7)�c�[;�\����\_��}c ک����յ��B��n���1���頽��_o �/WH�t�#�T�i����ݭ�st=����C+�E5��.�y�3�֖.\��B&������H?�dèX+. %PDF-1.4 %���� >> 0000015371 00000 n ;�փ�@[�g�z��-�����A��㑌�0�>���=S�'� Z7�� << You may have a great idea or a product, but if there are no buyers for the same then it cannot be a success. *1 J�� "6DTpDQ��2(���C��"��Q��D�qp�Id�߼y�͛��~k����g�}ֺ ����LX ��X��ň��g`� l �p��B�F�|،l���� ��*�?�� ����Y"1 P������\�8=W�%�Oɘ�4M�0J�"Y�2V�s�,[|��e9�2��s��e���'�9���`���2�&c�tI�@�o�|N6 (��.�sSdl-c�(2�-�y �H�_��/X������Z.$��&\S�������M���07�#�1ؙY�r f��Yym�";�8980m-m�(�]����v�^��D���W~� ��e����mi ]�P����`/ ���u}q�|^R��,g+���\K�k)/����C_|�R����ax�8�t1C^7nfz�D����p�柇��u�$��/�ED˦L L��[���B�@�������ٹ����ЖX�! }{��&4��tV��hl#1�Xȱ�\��P���S6Tx��+��@J.dr���P4,��7�]�5Y�=�����W��8�΅�����eC�!���+2�NZxȤ .�&��[�b:���"��1_&{���3�����K�q����Ŗ�@0����v��!'�BL1�w|�Lq. CBInsights analyzed 101 business failures to compile the top 10 reasons why entrepreneurs fail. '���u� *^%Pa�����4� � ,�z�/8{I"��%�3m�@7cr���� ��esd#�&�&O���'.=��i���12C/i��d�^4G�V�M�M7��(����@����o�-_06ټ\5 �\����?5��\ؚ��0^q20 � 0000007186 00000 n It can also be the result of a domino effect caused by business failures … /Parent 18 0 R �*j��0�- Ϯ9���n���Vp����c�9�U\������H?p��suR���tF=QX�3¼;�D���sK4�QrWq6�%�)��0'������\PחM�.��)]������l7�)����K��C bR��o^�&�Y�wN Op� E���)i�1)��9���� �Dk��S�� �/^�� $��W�:y�q�67���pj���������B�\ޗ-���� erC��[ a�tsL$��f��.�}��z���[@������4���p�B�v�}i�M}�e���S�T��k��sO��J���=�F�p����]��0V>C�j�8! may be a cause for concern, or a high score in the mistakes section may suggest an incapable management. endobj >> 0000049726 00000 n � `�(f`h*g�ϲbq���i���@�����3� �|> H�\�͊�0�{�b���DmS[��-x��������=���qJV��B2�7�,�Si���u�#4�5���5�o�q���c6?uW;!Cq5 #v�mz�e ?��0� �_q)�7�[{��WQ-AVw�~�C;By��ڽ����V� ��8�B�ߎ��!$��+���\�5�֓�ˮ������Ea�&���� ;!��k�!+�"o�[�#��{�} �Gr�.�'��|f��v��Lq�2+ΙRN�9Sʩ8gJ9�L)��)�T��0�A=N��,t���w�C+���=��o->��;Ut�_ �Р� 0000011458 00000 n 62 0 obj <>stream >> %�쏢 The multidiscipline nature of business failure research is explored through incorporation of studies from accoun-tancy, information systems, social psychology, general management, hޤ�_o�0�����IlG������ڡ��d-��Z��wg'Rh!�X>�ξ��g�J�$L��+�. Laying more emphasis on product, rather than market and marketing. 24 0 obj <>/Filter/FlateDecode/ID[<0C7AE7B8F1F0F447BA59AB52F756103C>]/Index[18 21]/Info 17 0 R/Length 53/Prev 17617/Root 19 0 R/Size 39/Type/XRef/W[1 2 1]>>stream 0000051695 00000 n 0000005455 00000 n 0000004219 00000 n %PDF-1.4 Technological Causes: With the advancement in the technology, new modes of doing business has been introduced, which is better than the traditional ones. 23 40 endobj 23 0 obj <> endobj <<72F3FE7BB7FCEB4991929B1E14858CA1>]>> /CreationDate (D:20150423165121+01'00') 0000006924 00000 n A business failure may happen as a result of poor manage-ment skills, insufficient marketing, and lack of ability to compete with other similar businesses. ��L�[~���64�F�� arlz:1�Pih�/LȚ�5+S�h�D�/))�(�B4Ƭ\�#Hv�$�O�$��: �O�D���4��,8=#r|?�fz�c��nI}|��2pp d�`����f�����h�)�j9� 8�6�/oL#��p6�����4�:�P���q�l:��Ue(o�D�F�9 �� �B��,]��@���_�����(�h�B��D�M#Ga�;S���R&֋"�� H���M�f��P�f~�82���!���O@e��EKa23��@W��I���ج���=1�?���JL5�U���{�MO�/仍���h \„�YX:Z�2/=����-G�� O`�ж��Z4�i��,ql-N�h-Nd 1a�s^�ç �e �G�@���nN��8Q�M2�ZV���4#y��SxC/&�/,����z1�4d��9�x�:zFvN6�3@e�Ȉ��y��$J�Q�@+H2Iva���{����#�I0R��'�zb��ke��p���.���p��.3��ԯ7Zn̜�Å�|��CF5����-�}�� �bg�_����o?n^�>��a���)n^��]2h.$�c��>v��B�$U�?n�^�!��h7%:�;I��;&��ɏI��]z����st�%��O�e����G���ԏ�������K�I������a�t�8�vIJ���t��}���t5�������6�7f����l��M�`������$)� ���9�rt� �؛]ZF4��-}m��c���^?��W�@��^����~:��Qߙѥe�S�D"������R9|J� ���]7�3iT�'�����!Im�� ��u*�zA��`�R�|����n�Io}�8�;vͺ俤�N���1���ihp;��y �g$]g�L�1�.�i&��ҠI�$�븘�l�. •Not going on any training courses to help you understand marketing, finance, recruitment, etc.

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