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Factors that Contribute to a business decline - Coggle Diagram
Factors that Contribute to a business decline
Poor Planning
Too ambitious too early
Poor Product choices
Ill-conceived business idea
Location
Not Visible to customers
Too Niche
Poor Marketing/Advertisment
Low Cash Flow
Increased Interest rates
Debt
Spending too much
Wasting money in establishment phase
Pricing
Competition
Not differentiated
Online competetion
Lack of management skills
Getting staff
Change in Government
Economic Change
Cost of living increase
Other ecomonic conditions
Economic slumps and lows
Increased crime/vandalism
Robbery
Broken into