Why Small Businesses Fall

In his book " Small Business Management," Michael Ames gives the following reasons for small business failure:

1. Lack of experience

2. Insufficient capital (money)

3. Poor location

4. Poor inventory management

5. Over-investment in fixed assets

6. Poor credit arrangements

7. Personal use of business funds

8. Unexpected growth

9. Competition

10. Low sales

These reasons are a mental preparation of the rocky road...