Question

Miriam opened a yarn craft store in her small town based upon 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?

Answer 1

What was Miriam's fatal flaw? A fatal flaw refers to something that went wrong in her business causing it to fail completely. Miriam opened up a store with her interest in mind and too few customers visited. Miriam should have conducted market research to determine if there was interest in a yarn craft store in her town. If she would have conducted the research, she may have realized there wasn't a market for the product.

Answer 2

The fatal flaw that Miriam committed in which she managed to fail her business because of the few customers was because of the fact that she ignored the market limitations. She likely ignored the possible things that may happen and the factors to be considered before opening the yarn craft store.