What small businesses are doomed to fail?
In my recent research, I've discovered that certain small businesses are more prone to failure. Particularly, restaurants, retail stores, and tech startups often struggle due to high competition and the need for continuous innovation. Also, small businesses in volatile industries such as travel and tourism can be hit hard by unforeseen circumstances, like the current pandemic. However, it's important to remember that with the right management, even these businesses can thrive. It's all about adapting to the market and customer needs.
