Why Do Businesses Fail?


by Christian Stellakis on Oct 26, 2014 | Views: 28 | Score: 2
Percentage of business failures that are caused by ... Incompetence46
Unbalanced Experience or Lack of Managerial Experience30
Lack of Experience in Line of Goods or Services11
Neglect, Fraud, Disaster1
Other12
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Christian Stellakis
Christian Stellakis on Oct 26, 2014 11:58 PM said:

The majority of businesses fail within the first four years of their creation, but what is the reason why? Incompetence is the primary cause, accounting for nearly 50 percent of all business failures.