Business is a combination of planning, creativity, funding, and sustainability. π― Unfortunately, about 75% of businesses fail to hit their target line despite all the strategic planning and right thinking. π Even a successful business venture may fail to face the challenges opposed and win at the solid market. It can be due to a lack of proper vision, ambiguous mission, and business objectives. π«
Thus, starting a business is not a cakewalk; it involves countless strategies, planning, funding, creative and strategic ideas, and an initiative to go after. π€¨ Additionally, it might involve ups and downs to reach your target and create brand value in the competitive market. π
This article lists all the valid reasons your business is a failure and, as an entrepreneur, how you can assess and avoid them. β
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