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14 February, 05:33

What are the major causes of small-business failure? Do these causes also apply to larger businesses?

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  1. 14 February, 07:53
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    Lack of funds and management.

    Explanation:

    We are asked to determine the the major causes of small-business failure.

    We know that lack of funds or money is main cause of small business failure. In the startup phase small companies face challenges in obtaining funds to bring a new product to market.

    The second cause is the lack of management. A strong management team is must for a successful business.

    It is possible that these causes will apply to larger businesses, but not always a must. Since large businesses have more money to support them, so these causes are less applied to larger businesses.
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