What are the two overriding factors in business failure cited in the text?

The two overriding factors in business failure, as cited in the text, focus specifically on Poor Planning and Inadequate Management. Poor planning entails failing to adequately strategize for future growth, resources, market conditions, and potential risks, which can leave a business unprepared for challenges. Inadequate management refers to the inability to effectively lead a team, allocate resources wisely, and make informed decisions that drive the business towards success. Both of these elements are crucial because a lack of thorough planning can lead to misalignment of business goals with actual operations, while poor management can exacerbate any existing problems and create further inefficiencies. These factors are often seen as foundational issues that can significantly contribute to the increased risk of business failure.