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i) Inadequate capital/ lack of funds- initial/ operation capital may be inadequate to sustain/run/ expand due to lack of collateral/ security.
ii) Poor inappropriate marketing/ strategies/ leading to low sales/ fewer customers
iii) Unfair/ stiff competition Alternative: Competition may be too high for the new business – which business is unable to cope with/withstanding / access market/inputs.
iv) Inadequate/ lack of poor/ inefficient management skills.The business may have insufficient skills to operate/ manager
v) Lack of inadequate manpower
The business may not have enough manpower to operate/ manage
vi) Lack /inadequate modern technology/inappropriate technology. This
may lead to less quantity/ quality goods/ services
vii) Unfriendly / poor management policies. May be the government
policies are unfavourable to the growth/ explosion of business
Githiari answered the question on September 22, 2017 at 22:02
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