(KN) Lack of experience or expertise
(AN) entrepreneurs on the contrary have good methods and ways in their ideas for how to start up their business but unfortunately they are unable to execute their plans, due to lack of experience and expertise required for the business and in the market,
(AN+) hence because of this usually start up businesses lead to failure due to lack of accordination from entrepreneurs as they have less experience in the field.
(KN) lack of capital/funds to startup
(AN) as some entrepreneurs may not have the necessary capital or funds available to startup the business, this could be a great threat to them as it leads to the business's start-up to fail,
(AN+) because due to little to no capital available for investment in the business, usually business startups fail to come true.
28 Analyse the reasons, why business start-ups are in greater risk of failure. [6]
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Re: 28 Analyse the reasons, why business start-ups are in greater risk of failure. [6]
[KN]Lack of Market Demand
[AN]If there is no demand for what the startup offers, it's challenging to sustain a business.
[AN+] fail to meet break even
[KN]Poor Management
[AN] which may lead to poor decision-making, and inadequate management skills
[AN+]A lack of experience or the inability to adapt to changing circumstances can hinder progress
[AN]If there is no demand for what the startup offers, it's challenging to sustain a business.
[AN+] fail to meet break even
[KN]Poor Management
[AN] which may lead to poor decision-making, and inadequate management skills
[AN+]A lack of experience or the inability to adapt to changing circumstances can hinder progress