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Synopsis

Small businesses cannot afford the luxury of doing “business as usual” in a recessionary environment it is critical to re-evaluate how your business operates.

The Top 5 reasons for business failures in America are:
1.Lack of Industry Experience
2.Inadequate Financing
3.Lack of Adequate Cash Flow
4.Poor Business Planning
5.Management Incompetence

I wanted to stop at reason 5 before it gets any more personal. As you can see a large amount of business failures are caused by well … planning … actually the lack of it.

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