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8 Sure Causes of Business Failure

With the trending economic situation, many businesses have failed. Regardless, many of the causes of business failure can be prevented. These causes shared by Jumia Travel, the leading online travel agency will help you put together a plan to make sure your business is around for decades.

Lack of experience

Lack of experience is one of the causes of business failure. If you are inexperienced or your management is made up of novices, then your business is likely to fail. When starting a new business, it is advised you get the services of people experienced in that field.