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I think a lot of it is just like many other businesses: People try to grow way to quickly and they overextend themselves. They get way too optimistic and when revenues are much lower than expected, they fall. Many others would simply call this undercapitalization. I do not however, because it is my belief that in this industry you should be able to profit with a very very small investment. You can't simply throw money at problems and continue taking losses. You must change something. ASAP
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