business failure

[Maliha]

Only those business run well who's employee's are well educated and well experienced because they have knowledge about work and management ,they Carry all the things in secquence,but most of the hire uneducated and inexperienced so they fall to the down side and failed in business so there are many more factors as well who lead you to damage your business

 

[chicnthin]

Bad location. A business should be located where your target market is or at least where it has a great demand of. Another one is mismanagement. When the one managing the business doesn't know what they're doing or they're just incompetent. Lack of capital fund is also another reason.

 

[Godleads1]

When we talk about failure in business, it could be as a result of physical and spiritual actions. In the physical, the structure where the business is being carried out, lack of good record keeping skills, not punctual and customers. Then spiritually, forces against the growth and success of the business

 

[Ojonuyo]

There are so many factors that leads to the failure of a business, this includes lack of discipline. Discipline to carry out your activities at the right time can propel your business to succeed faster than you can imagine. Next is located living in the present. So many business base their decision on the present without thinking of the future and that was why so many businesses closed up when the covid-19 pandemic came.

 

[Fabby]

The leading causes of business failure may include not knowing how to provide leadership for human and material resources, poor marketing skills, lack of business capital, starting a business 'to make a lot of money' kind of mindset, choosing the wrong location,

 

[Ebuka Stephen]

Their are several factors that can lead to failure in business, this may include lack of proper survey, bad business strategies,poor decision making and lack of information. With all this factors not being considered a business can easily go down , before venturing into any business you must know what it takes an cost to go into the business.

 

[Bilal0087]

What are the 3 factors that lead a business to failure?

There may be many circumstances that could lead to failure of a business but most probably a business will fail if non experienced persons try to handle it.
improper planning and strategy will also cause loses in business, and involvement of dishonest people in the business.

 

[Afeefah]

I feel the three most important cause of business failure are;

*Lack of a good business plan when starting the business.
*Lack of knowledge on how to manage financial matters regarding the business
*Not having enough information on the business and business competitors.

 

[Adeyoola7]

Business failure refers to a company ceasing operations following its inability to make a profit or to bring in enough revenue to cover its expenses. A profitable business can fail if it does not generate adequate cash flow to meet expenses.

 

[Heatman]

What are the 3 factors that lead a business to failure?

When a business is not well managed, there is no way such a business is going to succeed or survive because either the funds or capital magically goes missing or competing with other people in the same line of business drives the business in the mud. So, without good management, it's over for the business.

 

[EMMANUEL]

If a company fails, anyone who guarantees a debt becomes personally responsible for it. This means that even if your business is incorporated and the debts are owed by the company, you will still be personally responsible if you have guaranteed the debt

 

[Seyesystem]

owners that failed to plan his business very well will surely fail. Before going into any business you must do your through findings which includes feasibility studies about the business whether it's viable or not, also the profit projection for at least 3 years must be done. This will enable the entrepreneur to make his decision whether to start the business or not. These are some factors that can cause business failure: improper management, No effective control and monitoring.

 

[Kelly5]

What are the 3 factors that lead a business to failure?

Factors leading to a business failure are many but let me least just three as demanded.
1. Lack of capital
2. Lack of manpower
3. Unvavourable government policies.
If you have all these odds against you, that business is doomed to fail.

 

[Afrinish]

Strt the business flow tha bussines role and regulation of thelogic some time heavy losses of the busniess so failure of the business some time produced not good and selling price hight prices ofthe buiness and low of the business

 

[Adebayonle7]

Business failures can be traced to either incompetent or wrong management. Incompetence can come in different phases. It can be little or no or lack of proper marketing skills, retention and customer service skills. Failure can come through finance mismanagement. Finance especially causes many failures. People or business owners do not differentiate parts of the capital or owner's equity from their profit, thereby spending without control and ruining it all.

 

[Damismiling]

Looking at the things that causes a business to fail, we must note that for a successful business operations some principles must be adhered to, if not failure is likely to be recorded, three things I think can make a business fail is mismanagement of human and non human resources, failure to plan for risk management, stubbornness(I e not knowing when to give up. Whe you people)

 

[Abibatabosede]

Business failure can be caused by different factors and it is very rampant these days. Most business failure are caused by poor leadership, lack of the business initiative, poor customer relations also affect the business and poor attitude towards the work.

 

[Heatman]

Factors leading to a business failure are many but let me least just three as demanded.
1. Lack of capital
2. Lack of manpower
3. Unvavourable government policies.
If you have all these odds against you, that business is doomed to fail.

I wouldn't add lack of capital as the reason why a business would fail for the the fact that the business is always funded and functional with an existing capital. Rather, I would prefer to say mismanagement of business capital as the main cause of the failure.

 

[Onachukwu]

A fundamental part of overcoming business failure is rooted in the mindset you have. It begins with a flexible and positive attitude and a willingness to change. Winston Churchill stressed this vital factor, saying, “To improve is to change; to be perfect is to change often.” Failure is a part of life, and that includes business failures. How we deal with failure determines whether or not it ultimately leads to success.

 

[Tariq Shehzad]

I think one about the variables is the point at which you neglect to comprehend your customers and market patterns

Another is the point at which you open a business in areas that isn't beneficial.

At the point when you have insufficient money and inability to convey what you are selling