The 12 Reasons Why Companies Fail

Terry Collison, Blue Rock Capital

①  Inadequate planning of the business

②  Inadequate planning of the business

③  Inadequate planning of the business  

④  Insufficient initial capital for start-up period and development stages due to inadequate planning

⑤  Mistaken estimate of market demand for product or service

⑥  Lack of management ability

⑦  Failure to select and use appropriate outside professional advisors

⑧  Inability to market product or services effectively

⑨  Over dependence on a single individual or on a predicted specific event

⑩  Failure to understand capital requirements of a growing business

⑪  Poor timing of expenditures and cash flow problems due to poor planning

⑫  Expedient rather than reasoned decision making