Some causes of small-business failure include underpricing or overpricing goods or services, starting with too little capital, going into business without first learning something about the industry or market, and underestimating how much time it will take to build a market.
A small business refers to a privately owned and operated business, that essentially have few employees to work with.
An advantage if small business is that efforts and commitment put into growth of the business will be duly reaped by the owner.
Learn more about small businesses here: https://brainly.com/question/17128827
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