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Why Retail Businesses Fail: The Critical Failure Factors (CFFs)!!

Reasons Why Retail Businesses Fail: The Critical Failure Factors (CFFs) Many retail businesses start off well but along the way, something goes wrong and they fail. As you are reading this, you probably know a few businesses who started so well as just fizzled out ! Well, this isn’t strange at all. Many businesses fail across different industries and…

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Retail Business Success: Important Factors to Consider!

Success in retail business takes effort, resources and strategy. Interestingly, effort in retail  means both hard and smart work (a departure from the “smart work” cliché prevalent in industry today!). You will also need financial resources or a good credit standing with your trade creditors (e.g. suppliers) because you will need to maintain reasonable base inventory in your warehouse…

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