Elaine has a great idea for starting a new business, but she is not sure if she has the knowledge or experience to run a growing business effectively. This relates to which cause of small business failure?

Question

Quizplus · Accepted Answer

Although Elaine has a great idea for a small business, that does not mean she has the knowledge or experience to manage a growing business effectively. Often, a person who is good at creating great product ideas and marketing them may lack the skills and experience to make good management decisions in hiring, negotiating, finance, and control.

Elaine Has a Great Idea for Starting a New Business