Miriam opened a yarn craft store in her small town based on her personal interests and hobbies. There were no competitors locally; the merchandise was readily available; and she had the initial capital to open the store. Yet her business failed. Too few customers visited her store. What was miriam's fatal flaw?

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04-09-2018
Business

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Miriam opened a yarn craft store in her small town based on her personal interests and hobbies. There were no competitors locally; the merchandise was readily available; and she had the initial capital to open the store. Yet her business failed. Too few customers visited her store. What was miriam's fatal flaw?

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ahmedishaal ahmedishaal · Answer 1 · 2018-09-13T09:38:40+02:00

The answer is "Miriam ignored the market limitations."

A fatal flaw alludes to something that turned out badly in her business causing it to fail totally. Miriam opened up a store in light of her advantage and too few clients visited. Miriam ought to have directed statistical surveying to decide if there was enthusiasm for a yarn make store in her town. On the off chance that she would have directed the exploration, she may have acknowledged there wasn't a market for the item.