Hopefully nobody goes into retailing---or life---intending to go bankrupt. Most start out with high hopes at least. But sometimes things go wrong.
So many things can create devastating financial losses that the business, or its proprietor, cannot recover from: depressed economy, bad landlord, inadequate financing, inexperience, losing a lawsuit, sudden neighborhood decay, a technology change that suddenly makes most of your stock obsolete, a dishonest employee, extensive roadwork out front
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