what are the Most Common Reasons a Small Business Fails

Reasons for Failure? 

1. Managerial incompetence or inexperience: some entrepreneurs put too much faith in common sense, overestimate their own managerial skills, or believe that hard work alone ensures success.

2. Neglect: some entrepreneurs try to launch ventures in their spare time, and others devote only limited time to new businesses.

3. Weak control systems: Effective control systems keep a business on track and alert managers to potential trouble.

4. Insufficient capital: some entrepreneurs are overly optimistic about how soon they'll start earning profits.