- Lack of management systems
- Lack of vision and purpose by management
- Lack of financial planning and review
- Over dependence on specific individuals in the business
- Poor market segmentation and strategy
- Failure to establish or communicate company goals
- Lack of knowledge about the market and competition
- Inadequate capitalisation or lack of funds
- Absence of standardised quality program
- Owners concentrating on the technical rather than the strategic work in hand.
