The major causes of business failure include

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Incompetence and inexperience are cited as the most common causes of business failure. Lack of knowledge and experience in managing finances, marketing, operations, and employees can all contribute to business failure. While having a business degree may be helpful, it is not a guarantee of success, and many successful entrepreneurs have achieved success without one. The type of small business and the number of competitors can also impact a business's success, but they are not as significant factors as incompetence and inexperience.

The Major Causes of Business Failure Include