3 Reasons Businesses Fail (and How To Fix Each Of Them)

Things Entrepreneurs Should Know

There are a lot of reasons business fail. Some of them are due to poor management, not being in a definable niche or just plain dumb luck. And, while these circumstances are frustrating, a lot of times they’re unavoidable.
At the same time, there are common themes we see from failed businesses that come up time and time again and really don't have much to do with management style or with luck.
The good news is once these issues are identified, they’re straight-forward to address. And doing so can put you and your company on the path to success. So, in this week’s episode Chip talks about the three most common reasons why businesses fail. We'll also talk about the things you can do right now to fix each of them to improve your chances of creating a sustainable business that lasts for the long haul.

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