If you take keen interest in businesses and the way they run, then you might know that many small businesses fail in the first few months after these are established. However, you may be wondering about the reasons behind this fact if you have not cared to study them. Here, we explain how even some strong-footed businesses come down so soon.
businesses fail
Why do family businesses fail
Before big faceless corporations took over the world, family owned businesses were the heart and soul of the middle classes around the world. However, of late, it has been seen that family businesses too have become prone to failure. We investigate the main causes behind why family businesses fail.