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5 October, 02:16

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

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Answers (2)
  1. 5 October, 03:30
    0
    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.
  2. 5 October, 05:17
    0
    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.
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