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A review of small business successes and failures indicates that strong planning, effective management, and adaptability are crucial for success. Businesses that succeed often have clear goals, a solid understanding of their market, and the ability to pivot in response to challenges. Conversely, many failures can be attributed to inadequate financial management, lack of market research, and neglecting customer needs. Ultimately, learning from both successes and failures can provide valuable insights for future endeavors.

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