Small business was due to growing too fast implies

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Reference no: EM133672209

Question

Stating that the failure of a small business was due to "growing too fast" implies:

• not keeping track of the numbers, and failure to control business finances and use existing monies to best advantage.

• not having sufficient know-how to run a business in the chosen market or geographical area.

• not having expertise in the essentials of business operations, including finance, purchasing, selling, and production.

• not avoiding the temptations of fraud, deception, and embezzlement. not taking the time to consolidate a position, fine-tune the organization, and systematically meet the challenges of growth.

Reference no: EM133672209

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