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Abstract
When new business startups fail, reasons ranging from lack of business knowledge to problem solving skills can be avoided by research and asking questions. Problem solving skills are a tool kit for discovering what is needed to know in the problem areas. The necessary skills are needed to successfully plan for your business. As stated in Robert Sullivan’s book The Small Business Start-Up Guide, “Fail to plan and you plan to fail”, businesses that are planned achieved a higher degree of profitability than those that did not.
Reasons for Business Startup Failures
& Problem Solving
The reasons for these high failure rates are numerous. Business is a complex organic entity that can succumb to a variety of ills. There are different natures of problem solving.
Approximate Word count = 616
Approximate Pages = 2.5
(250 words per page double spaced)
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