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The most business that collapse have got number of issues and especially the many that simply copy what the friends or Neighbors are doing when he or her sees them excellent .
And some may have the required capital but luck the particular business skills to run the business and at the end of 2 or 4 years they are out of the business simply because of copying without doing research and finding out on the dooz and the donts in business.
While some chose to employ close relatives that don't have the passion for the called business and hence miss management and it has to close and fall badly.
added by 1001038554 12 days ago 0    0

Rushing to start a business may lead to its eventual collapse. Do you agree?
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For a person to start a business, there are some issues to consider. For example, capital, labor, wages, skills among others. Research is very important before any productive activity is started. Questions like, do i have the skills? Do i have enough capital? Will customers buy my products? among others are very important. Most businesses started tend to collapse between two to five years from it's initial start. The problem is rushing to start without thorough research on it. In your view, why do you think most businesses collapse before reaching ten years of existence?

How do you vote?

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