Highly creative entrepreneurs often build a business from scratch and do extremely well quickly, expanding rapidly, only to see their business suddenly fail.
There are generally three major reasons for such failure.
One: Many entrepreneurs are poor planners from the start. They often lack an efficient business plan, to guide them in their financial start-up planning.
Two: They lack sufficient funds. Because of poor planning many are in the dark about the amount of capital they will need.
Three: Many entrepreneurs are incapable of managing a rapidly expanding business, or getting an adept manager who can. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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