Top 10 Business Failures Reasons for Failure Possible Resolutions 1. No Sales Small business owners must sell. 2. Poor Cash Flows Have three backups for cash. 3. Bad Debt Create credit policies and stick to them. 4. No Business Plan Putting your goals in writing makes them real. 5. Growing Too Fast Take only "the best" customers. 6. Payroll Taxes/IRS Problems Hire a payroll service (i.e. Paychex). 7. Give Up "Never, never, never quit." 8. Partner Dispute "Legal documents" can prevent and ease the pain. 9. Bad Employees Perform due diligence before hiring. 10. Not Adapting to Change Be the leader in your industry.   By:  David M. Wilke, CPA, MBA