business failure

[Azhar119]

If you want to try again, you have to be clear about why you failed. It usually has something to do with what you didn’t know. You may not have known the value of creating a solid business plan. You may not have known about doing due diligence on your suppliers and the quality of their products. And you may not have known about services.

 

[Ojonuyo]

It is about time all business owner start viewing failure as a stepping stone to greater heights in their business. I say this because, failure is a constant factor experienced by all to build your paitence for what's ahead and yet to come

 

[Bazikd]

Most businesses fail as a result of not having a good business plan before going into business, most people do not gather enough information and training on the particular business they intend to start so when they start without the proper knowledge needed the business end up failing.

 

[Kingsley]

The following can be seen as factors
1. Lack of a good plan.
2. Poor execution of the plans
3. Lack of technical know how
4. Inadequate capital
5. Poor sighting of business.

 

[Sanusi]

There three factors that constitute to business failure is lack of knowledge about the business an individual is going for, poor money management, and lastly impatient also cause business failure.

 

[Ausaf Ali]

There many reason of the businesses failer the most if u have no any idea of the business is you will be fail due to lack of knowledge of the customer.my
Customer demand
Low productivity
Lack of product knowledge
Customer awareness

 

[Ebuka Stephen]

Business failures can be traced to different circumstance , for example lack of proper management of Resources and money , when someone only knows how to make money but do not know how to manage and multiple it this could lead to losses without the owner even knowing

 

[Neta Sam(Samuel Odunlade)]

Business failure is when you deal with the minor things and ignore the major things. You need to troubleshoot the cause of the failure of the business And then look for possible ways to solve the problem.