Question

David has ambitions to be a small business owner after graduation. he knows that small businesses sometimes fail and is trying to mitigate some of these factors. what issue should david focus on in order to reduce the failure rate of his small business

Answer 1

An issue that David should focus on in order to reduce the failure rate of his small business is the managerial inexperience. Having a managerial inexperience would likely cause the business to fail because it means that the person in charge does not know how to handle the business well. If he was able to surpass this and focus on this issue, then it is likely that he will surpass the failing rate and likely pass.