What is the primary reason that so many new businesses fail?

Question

Quizplus · Accepted Answer

Mismanagement resulting from lack of business know-how is the primary reason for many new businesses to fail. Many entrepreneurs may have innovative ideas or products, but without a proper understanding of business operations or experience, they may struggle with market research, financial management, resource allocation, and other crucial aspects that determine their success in the long run.

Answer: A, C, D, E 
 While B is the primary reason for new business failure, other factors such as lack of hard work, low quality of employees, absence of brand recognition, and competition with established brands can also contribute to the failure of a new business. It is essential to make the right decisions at every stage of starting and running a new business to minimize the risk of failure.

What Is the Primary Reason That So Many New Businesses