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| Top 5 Financial Reasons Why Businesses Fail |
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| Summary: |
| Businesses fail, don’t they? You would have seen a million articles throw numbers and statistics at you -- I wonder where these numbers come from -- like 95% of businesses fail in the 1st year alone and so on. The veracity of those numbers is hard to nail at, but one thing does stand out: Businesses DO fail. Here are top 5 financial reasons why they do: |
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| nages your cash and how? Cash flow is the life-blood of any organization and the day you can’t take hold of this, it is the dooms-day for your business.
Under Pricing: It is the all- too- common, sure-shot way to doomsville. Under pricing your product or service can send you straight to hell. Under-pricing is perhaps one of the most common, self-inflicted lethal injections a business does unto itself. Unless you have a sheer, almost monolithic presence over your prevailing markets, there is no way you can pull it off by under-pricing your products and services. Under-pricing might work for |
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| Written by: |
papyrus |
| Uploaded Date: |
08/28/2008 |
| Words: |
577 |
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