Question

After working for a large firm for several​ years, tyler started his own landscaping design business.​ however, he soon ran out of money and was forced to close the business because he​ couldn't pay the expenses of the firm along with his personal expenses. Based on this​ information, what is the likely reason for​ tyler's business​ failure

Answer 1

Answer:

The answer is stated below:

Explanation:

Under this situation, where the Tyler, who is working in a large firm for several years, he started his own business for the same profile. But in a short period of time, the business ran out of the money and he is in a situation or condition, where he has to close the business as he unable to pay the firm expenses.

Grounded on the information, the reason of his business failure, is lack of financial planning as well as backing, which result in business unable to cover the operating cost of the business. Few years of experience of working led to inadequate knowledge of the operation cost and led to failure of his business.