Highly creative entrepreneurs often build a business from scratch and do extremely well quickly, expand rapidly, only to see their business suddenly fail.
There are generally three major reasons for such failure.
Many entrepreneurs are poor planners from the start. They often lack an efficient business plan, to guide them in their financial start-up planning.
Plus, they lack sufficient funds. Because of poor planning many entrepreneurs are in the dark about the amount of capital they will need.
And many entrepreneurs are incapable of managing a rapidly expanding business, or getting an adept manager who can.
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