Internal finance - owners equity

Ecternal finance - liabilties

Reasons for failure

• Poor managhemtn skills —> Communications —> Send, recieve, feedback

• Poor record keeping

• Poor relationships with staff

• Bad employement practices

• Excessive private drawings

• Overuse of credit

• Insufficient finance/capital

• Inverntory problems

• Seasonal flicutuations

• Competitions

• Excessive drawings

Reasons for success