	poor debt and liquidity management		✓
	mismanagement of funds			✓
Problems in planning	Serious shortcomings in the establishment of the strategies		✓
	no alternative plans		✓
	set unrealistic goals and expectations	✓
	lack of a business plan	✓
	inadequate planning	✓
	unplanned growth	✓
	lack of foresight	✓
	lack of pre-investment studies	✓
Problems in management	Inability to surround yourself with competent personnel		✓
	inexperience			✓
	overinvestment in fixed assets		✓
	shortcomings in personnel policies		✓
	lack of continuous improvement policies		✓
	lack of training of the company’s top manager		✓
	inadequate systems for decision making and problem-solving			✓
	unprofessional management		✓
	resistance to change	✓
	reluctance to consult outsiders		✓
	take a lot of personal spending money out of the business			✓
	poor partner selection	✓
	not knowing oneself	✓
	get sucked into the nice part of the business	✓
	have negative attitudes towards employees		✓
	nepotism		✓
	risk mismanagement		✓
	failure to comply with tax and labor obligations			✓
	lack of entrepreneurial leadership	✓
	unclear definition of objectives		✓
	discouragement at the first major obstacles		✓
	poor business culture		✓
	lack of experience in the administrative part of the business		✓