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More Than Half of All New Businesses Do Not Last

question 82

Essay

More than half of all new businesses do not last six years. What are four general factors that cause failure of business?


Definitions:

Sponsorship

The provision of support, financial or otherwise, to an event, activity, person, or organization, usually for commercial advantage.

Feedback

Information provided regarding aspects of one's performance or understanding, aimed at improving or guiding future actions.

Fine-Tuning

The process of making small adjustments to improve or optimize a system, product, or performance.

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