Discuss a plan of action that you and your partner would personally implement to avoid the four main failure mechanisms of small business:
managerial incompetence or inexperience
weak control systems
Identify what steps you and your partner will take to address each of the four failure mechanisms. You may be creative in your responses, and you may use actual personal insight from previous business experiences if you wish; however, you must include at least two external (Internet) sources on business management technique and business success. Make sure you cite your references at the end of your work.
Recently Asked Questions
- The nurse is teaching a nutrition class and knows the students understand the content of the lecture on nutrition and diabetes when a student is heard to say ,
- All of the following refer to external factors that impact international pricing EXCEPT ________ .
- The most direct way in which money replaces barter is through its use as a