WHY BUSINESSES FAIL

Why Businesses Fail

Why Businesses Fail

I don't believe there's too much debate among “the experts” that the most frequently cited cause of business failure is a lack of capital. While the recent events on Wall St might lead you to believe it's true, capital while clearly a nice luxury, doesn't make a large operating reserve a necessity (here I go picking on “the experts” again). You see, I have witnessed well capitalized ventures fail miserably, and severely under-capitalized ventures eventually grow into category dominant brands. A lack of capital can provide a socially acceptable excuse for business failure, but it ...