1. Lack of management systems
2. Lack of vision and purpose by principals
3. Lack of financial planning and review
4. Over dependence on specific individuals in the business 
5. Poor market segmentation and strategy
6. Failure to establish or communicate company goals
7. Lack of knowledge about the market and competition
8. Inadequate capitalisation or lack of funds
9. Absence of standardised quality program
10. Owners concentrating on the technical rather than the strategic work at hand

Disclaimer: This is not advice. Items herein are general comments only and do not constitute or convey advice per se. The information contained in this article is for guidance only and should not be relied upon without obtaining professional advice having regard to your specific circumstances.
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