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The third business failure factor profiled in the report, plus a critical one, was Marketing. Over 64% of the businesses surveyed inside the Marketing category failed because of owners minimizing the significance of properly promoting their business then ignoring their competition. Again, as being a business leader, you must be able to effectively communicate your idea off to the right people and understand their unique needs and wants. Leadership is all about taking initiative, doing it, getting things done, and making decisions. If you're not doing anything of significance to market and market your business, you're probably headed for business failure. I recommend every time you get up in the morning, make note of 5 interesting things you can do to advertise your business and go DO them! If you can't imagine anything to write down, I suggest reading Jay Conrad Levinson's book, Guerrilla Marketing, which has oodles of useful information and tips about promoting for business.
