Which is the most important reason for the failure of small business?

Name: Which is the most important reason for the failure of small business?
Brand: Quizplus
Rating: 4.9 (46 reviews)

Question

Quizplus · Accepted Answer

While all of the options can contribute to the failure of a small business, managerial incompetence is often cited as the most significant factor. A lack of experience or skill in areas such as finance, personnel management, and decision-making can lead to poor performance, low productivity, and a higher risk of failure.

Which Is the Most Important Reason for the Failure of Small