Question: Please do this assignment in two full workshests like two pages. Why do so many new businesses fail? Many businesses are started with good intentions
Please do this assignment in two full workshests like two pages.
Why do so many new businesses fail? Many businesses are started with good intentions to serve customers by offering valuable products and services at reasonable prices. Thoughtful plans are developed, resources obtained, talented people hired, hard work invested - yet according to the U.S. Bureau of Labor Statistics nearly 45% of new businesses fail within the first five years! As a team of entrepreneurs looking to start a successful new business it is worthwhile for you to think about why so many new businesses fail. If you learn from their mistakes maybe you can avoid their plight! Individual Activity for Exercise 1 Do some research on why businesses fail and make a list of the primary reasons new businesses often fail. Record your findings on the next page. Analyze what you came up with and then make a short list of what your new business will do to make sure it succeeds! Record those ideas on the subsequent page
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