No. | Contributing Factors | ANALYSIS SEGMENTS—Ranking of Contributing Factors from Highest to Lowest | |||||||
General | Business Student | Business Person | Male | Female | 50 yrs Above | 31 yrs - 49 yrs | 18 yrs - 30 yrs | ||
1 | Poor business planning | 1st | 1st | 1st | 1st | 1st | 1st | 1st | 1st |
2 | Lack of entrepreneurial skills | 4th | 4th | 5th | 4th | 2nd | 4th | 4th | 4th |
3 | Lack of customer relations | 5th | 5th | 4th | 5th | 4th | 5th | 5th | 5th |
4 | Management Incompetence | 3rd | 3rd | 3rd | 3rd | 3rd | 3rd | 3rd | 3rd |
5 | Inadequate financing | 2nd | 2nd | 2nd | 2nd | 2nd | 2nd | 2nd | |
6 | Inappropriate business location | 5th |