Why So Many Businesses Fail?

Have you been ever wondering why so many businesses fail? Well, I have been thinking about this topic and it seems to me that there are a few mistakes that might cause businesses to start having financial troubles. One thing that many businesses may forget about is trying to be competitive. It is important to keep an eye on the competition. It is important to check their prices from time to time and see whether they offer any deals that sound more attractive than what you have to offer. If you are unable to compete when it comes to prices, then try to emphasize some other qualities of your business to your customers. You might tell them for example that you offer better customer service and that you treat each customer as an individual.