Bits Logic Inc

According to Statistics Canada approximately 7,000 businesses go bankrupt every year in our country. Studies also shows that about 85 percent of the businesses that enter the marketplace survive for one year, 70 percent survive for two years and 51 percent survive for five years only. Every business owner wants to have a successful business that’s why they have started it in the first place but the question is why do businesses fail and how to avoid it. Hello, my name is Muhammad Yasir from Bits Logic and I am here to give you a little insight on how to have a successful business. Based on my 20 years of experience in IT and customer relationship having a negative attitude, poor management, lack of planning and not having the vision for success can lead to any business failure. There can be several other reasons as well for a failed business, but I believe the following two are the main ones. 1. Not Focusing on the customer 2. Failed Internet strategy