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The Top Reasons Businesses Fail

January 3, 2015

Businesses fail for a variety of reasons, but there is a common, basic group of missteps that ultimately result in most business’ demise. Learning about and then taking steps to protect yourself from such mistakes could be the key to your business’ survival.

After years of surveying the marketplace, consultants and other business experts have created lists of the most common reasons that businesses fail. Although these lists can differ, experts agree that the following five reasons are common to most business failures:

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