Contact us for CFO Services

info@cfoladder.com

1800-3132-313

Top

Global Business Success Statistics

CFO LadderGlobal Business Success Statistics

Percentage of Failures and Major Causes

46%

Incompetence

  • Emotional decision making
  • Non payment of taxes
  • Lack of pricing determination knowledge
  • Lack of business planning
  • Limited financial expertise
  • Improper book keeping & financial records

30%

Lack of Managerial Experience

  • Poor credit granting practices
  • Expansion too rapid
  • Inadequate borrowing

11%

Lack of Experience

  • Carry inadequate inventory
  • Limited knowledge of suppliers
  • Wasted advertising budget

10%

Lack of Right Full Proof Strategy

  • Advice from family and friends
  • Family pressure on time and money commitments
  • Pride
  • Lack of financial responsibility and awareness
  • Too much money

3%

Neglect, Fraud, Disaster

  • Lack of adequate internal financial controls
  • Lack of adequate MIS reporting
  • Lack of adequate monitoring
  • Uncontrolled cost structure
Have a Question?

Please fill in the following details, we will revert back to you shortly.

Name (required)

Phone Number

Email (required)

Your Message