Understanding Why Businesses Fail
Note to Mentors
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Unit Purpose and Aims
The purpose of this unit is to ;
In this unit learners will discover what the key dangers are that small and new businesses need to look out for. The learner will also be asked to plan contingencies against these fail factors.
Learning Outcomes
Learners will;
1. Understand the key reasons that cause start ups to fail
Learners can;
1.1 Explain the common causes for most start up businesses failing’
1.2 Critically compare and contrast these causes with those that lead to established businesses failing
2. Be able to prepare and plan contingencies against these factors
2.1 Develop a plan setting out contingency measures for each of the common causes of business failure.
Learning Tools, Resources & Links
Things that will help the learner develop understanding of this unit;
Mentors please add your ideas, examples, case studies, links to articles, videos, etc. here.
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http://vimeo.com/channels/johnnymartin
Evaluate your business ideas, prevent it from failing.
Read here how to evaluate and implement startup ideas using Hypothesis Driven Development.
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