Common reason of business failure

[Adesuwa]

Running a business is not for the faint of heart; entrepreneurship is inherently risky. Successful business onwers must possess the ability to mitigate company-specific risks while simultaneously bringing a product service to market at a price point that meets consumer demand levels.

 

[Adetayo100]

The most common reasons businesses fail include a lack of capital or funding, retaining an inadequate management team, a faulty infrastructure or business model, unsuccessful marketing initiatives and lack of online presence.

 

[Seun4luv]

Poor cash flow management. You may be sick of being told “cash is king”, but it doesn't change the fact that poor cash flow management can lead to the demise of any business. Losing control of the finances. Bad planning and a lack of strategy. Weak leadership. Overdependence on a few big customers

 

[Richard92]

I major reasons why business fails is planning, if you don't plan well your business end up failing, you should always plan. A successful business owner is a good planner, you should also be a good organiser and also have good interpersonal communication skil with your costomers and also with your workers.

 

[Jlife]

The major reason most of the business fail is because the managers and all the managing department of that particular company may not know they are guilty and as a result there is other conflicts in one way or the other and this can cause business failure. Conflict is always the main issue

 

[joy101]

The main reason why some business fail is lack of planning, without good planning in a business can bring failure in business, for your business to be successful you need adequate planning.
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The main reason why some business fail is lack of planning, without good planning in a business can bring failure in business, for your business to be successful you need adequate planning.

 

[Kamon c4]

Recently, a research revealed that 80% of new businesses fails and there are lot of reasons to the causes of failures. Some business fails because of lack of adequate knowledge on how to effectively run a business. Also high level of competition is also another cause of business failures. However, Financial mismanagement is the most causes of business breakdown

 

[Yewande]

I would say it is majorly because of poor management of cash flow. If you manage your cash flow poorly, your business ship will sink in no time. This is think is the main reason behind many business failure.

 

[eenya001]

One of the major reasons of failure in business it's not knowing about that business enough before kick-starting it. having a half bake knowledge without getting someone to guide you could bring about massive failure in your business. so if you don't want to fail why starting up gather a lot of knowledge.

 

[Nicklas22]

The Common reason for business failure is that the individual don't plan very well before investing or starting the business and they don't have the necessary knowledge about such business before going to it
Business failures also occurs when you are not willing to take some great steps to further your business

 

[idhans]

Running a business is not for the faint of heart; entrepreneurship is inherently risky. Successful business onwers must possess the ability to mitigate company-specific risks while simultaneously bringing a product service to market at a price point that meets consumer demand levels.

There are so many factors that leads to business failure. Some businesses fails because the owners of the business did not identify the potential risk in that business. They were only interested in profit, and they didn't take note of the risk, and challenges that is involved in the business.

 

[Profuk57]

there are several reasons for business failure one of the most common reason is money mismanagement if you are not able to manage your money properly your business is definitely bound to fail. Another reason for business failure is that most people go into business because they hear the business is profitable.

 

[ranaabubakar263]

Lack of planning is when you ignore the value of planning and don’t bother to learn the methodology of planning. A good plan should include both short- and long-term goals as well as a way to measure goals and results.

 

[Sammyesx]

Having a successful business us not a as it seems, it take a lot of planing. Sometimes business owners might think they have every thing figured out but as the business starts ,challenges comes in and they become disorganized. To be successful one will havr to be creative and innovative.

 

[Aniwhyte]

The most common reason for business failure is lack of business plan, lack of money to fund and push the business to a more greater height, procrastination, not seeing a mentor to tutor you on what to do and what not to do at any given time, the list is just endless.

 

[Youngdee]

Most businesses fail to make it to the market because of poor managerial skills or lack of proper management by the authorities.Managing a business comprises of planning, organizing, controlling, directing and communicating. The cardinal rule of small business management is to know exactly where you stand at all times. A common problem faced by successful companies is growing beyond management resources or skills.

 

[Trexxxy]

Lack of proper management practices, frivolously spending money meant for business and a lot of other factors culminates the downfall of the business . I feel like lack of funds is usually the predominant cause of business failure.

 

[sam386150]

Simple reason for business failure can be lack of that business idea, lack of financial empowerment, lack of all disciplines attached to business, poor management. Lack of selling or producing good product to the costumers .

 

[Caali]

For me, starting a business can be a very challenging and stressful task. Keeping the business going and turning it into success is even harder. In spite of all the courses, books, business schools, entrepreneur coaches out there

 

[Abbas ali]

The most common reasons small businesses fail include a lack of capital or funding, retaining an inadequate management team, a faulty infrastructure or business model, and unsuccessful marketing initiatives.