There are many reasons why small businesses fail. What reason is a dir

QUESTION

There are many reasons why small businesses fail. What reason is a direct reflection of the business owner’s capabilities?

What will be an ideal response?

ANSWER

Answer: An entrepreneur’s inadequate management skills are a key reason for the failure of small businesses.
Explanation: Running a small business requires an entrepreneur to wear many hats, from sales and marketing to strategic planning and cost control. Lacking capabilities in a crucial area can lead to failure of the business.