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Why Small Businesses Fail — And How Yours Can Succeed

Why Small Businesses Fail — And How Yours Can Succeed

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Launching a small business is challenging, and many don’t make it past those early years. In this episode, we dig into the most common reasons businesses fail—like running out of capital, weak financial practices, poor infrastructure, lack of planning, and failure to adapt. Drawing lessons from real cases and the insights from Ontario Business Central, we share guidance on how to dodge these traps so your venture lasts. If you’re building something new or trying to strengthen your operations, this is your roadmap for avoiding the common pitfalls.

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