Why Businesses Fail

[L]illicotch.com - Help - Starting your own website - Failure

In his book Small Business Management, Michael Ames gives the following reasons for small business failure:

  • Lack of experience
  • Insufficient capital (money)
  • Poor location
  • Poor inventory management
  • Over-investment in fixed assets
  • Poor credit arrangements
  • Personal use of business funds
  • Unexpected growth

What can you do about it?

  • Lack of Experience

What are you going to do about that? The only way to get it is to do it.

  • Insufficient capital (money)

Don't spend much, learn it and do it your self. That's what this site is about.

  • Poor location

You have the world. That can be wonderful or terrible.

In the end

It's up to you. You decide what you do. I will try to help.
On to Getting Started

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