Flora Manson

The most common reasons small businesses fail include a lack of capital or funding, retaining an inadequate management team, a faulty infrastructure or business model, and unsuccessful marketing initiatives.

The STP Model helps you position a product or service to target different groups of customers more efficiently. This three-step approach helps you quickly zoom in on the most profitable parts of your business, so that you can fully exploit the opportunities these offer.

Shipping crates that are not moving will lead to a loss of money for one of the parties involved in the process. Abandoned containers may become a burden to the shipping line or freight forwarder. Shipping lines cannot afford to hold containers in the storage for a long time.

In such cases, the shipping company will try to get rid of the cargo and avoid additional expenses. To get rid of abandoned cargo, often times, freight companies hold auctions to sell the goods.

A bank guarantee is a promise from a lending institution that ensures the bank will step up if a debtor can't cover a debt. Letters of credit are also financial promises on behalf of one party in a transaction and are especially significant in international trade

Exchange controls are government-imposed limitations on the purchase and/or sale of currencies. These controls allow countries to better stabilize their economies by limiting in-flows and out-flows of currency, which can create exchange rate volatility.