Causes of Business Failures

Not every CEO or entrepreneurs likes it when there businesses fail.Research reveals that over 60% of new start ups fails within first five year of operation.

Busines failures always have bad effects resulting in loss of employement, loss of income and all the attendant difficulties.

However, research also revealed tht most business failures could have been avoided if adequate steps were taken both before starting and subsequently.

Businesses fails becuase of inadequate market research, poor marketing strategy, lack of proper accounting and internal control system, poor proceess documenation and procedure defects, sharp practices, failure to register businesses,lack of a workable business plan/feasibility study, poor staffing and lack of effectice communication among others.

Hoever, in other to curb these dilemas, Focus Business Solutions(SME advisory unit) is offering consulting service to businesses that are defficient in the bove details.We'l help you put together adequate system, prepare neccessary accounst, carry out internal audit and process improvements aimed at enhancing the success of your business.

Why wait, its easy, contact us quick and take advantage.

contact: [email protected]