Which of the following is not a reason many new businesses fail within the first five years?

over investment in fixed assets

lack of business experience

a very detailed business plan

insufficient capital

A very detailed bussiness plan

Explanation:

Nearly all business experts agree on one thing: the importance of drafting a business plan. Yet plenty of companies plunge into the competitive arena without a formal plan. Why? We've heard plenty of excuses posing as reasons.

A lot of new businesses are carried away and figure their passion and optimism are enough to build a successful company. Others say they were just too busy to develop a formal business plan. But operating without a plan can prove even more time-consuming in the long run.

Answer: A very detailed business plan

Explanation:

A very detailed business plan is not a reason why they would fail. A good business plan is essential.