Author:
Evaluation:
Published: 30.04.2004.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
  • Essays 'Businesses Don't Plan to Fail, They Fail to Plan', 1.
  • Essays 'Businesses Don't Plan to Fail, They Fail to Plan', 2.
Extract

Almost 70% of small businesses fail within the first 5 years of establishment. Reasons for this include lack of management or technological expertise, account keeping skills, cash flow or forced out through competition. Without essential planning and the correct procedures put in place to execute these plans it can be said that businesses do not plan to fail, yet fail to plan.
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