Why are small businesses prone to ...

[lak]

Why are small businesses prone to failure?

Question 2

A control process must establish clear performance standards, measure actual performance against standards, and taking corrective action if necessary.
 
 Indicate whether the statement is true or false

[swimkari]

Answer to Question 1

The most common reasons for failure include the lack of capital, management problems, and lack of planning. Small businesses need start-up capital but also working capital--difficult to come by for small businesses. Many entrepreneurs lack the management skills required to run a business. Money, time, personnel, and inventory all need to be managed effectively if a small business is to succeed. And, planning for growth is a challenge for small businesses.

Answer to Question 2

True

[lak]

TY

[swimkari]

Happy to Help