Common reason of business failure

[Emirons]

Business failures are associated with lots of challenges, which I Wil name a list of them.
1- poor management skill
2- poor planning
3- poor innovation or lack of trends
4- poor customer service relationships

 

[Billy]

Most businesses do not succeed past the second year of an operation simply because of poor planning from the initial stage. Once a business owner fail to realize his or her objectives, they seem to veer off and give up. You should stick to your plan and have contingency plans.

 

[Neeta313]

Every business owner is a risk-taker. There is that uncertainty of how the business will turn out even though you hope for the best. A business will easily fail if it was not properly planned. There are other reasons, but a business plan is more like the foundation of a business. If the foundation is not solid, the busienss might not stay strong.

 

[Sariana23]

Business failures are associated with lots of challenges, which I Wil name a list of them.
1- poor management skill
2- poor planning
3- poor innovation or lack of trends
4- poor customer service relationships

There are many reasons that lead to business failure, you have named 4 associated with it which are paramount in which I include the capital allocated for such a venture, and although many do not even think about it that you already placed in your publication, is the poor management with customers. It is the last but without them, the company disappears.

 

[Kingsley]

There are problems regarding start up capitals and technical know how and sometimes government policies can also affect the growth of business in my country. There are somany other factors one must consider like power and neatness to the market.

 

[Tiana]

Lack of capital
Poor management
Poor/lack of customer relationship
Lack of technology
Bad planning and poor time management
Low consistency in business

 

[Deebabs123]

Successful business owners must possess the ability to mitigate company-specific risks while simultaneously bringing a product or service to market at a price point that meets consumer demand levels.Poorly planned or executed marketing campaigns, or a lack of adequate marketing and publicity, are among the other issues that drag down small businesses.

 

[Sincerem]

Their is no straightforward business to establish and make quick profit. Their is always risk attached to every business that is centred to drive steady profit. One need to calculative, and invest wisely, and spend less business funds, to keep the business afloat.

 

[Ehizzy1]

The common reason why business fails is due to lack of ideas and adequate plans that would improve the business greatly and improve it ,once this is,settled a lot business would thrive and move forward ,without fear of going down and others i think

 

[Chris]

Reasons why most business do not last is because of business owners not....
listening to their customers complaint
leveraging future growth. ...
adapting (and grow) or being flexible to change when the market changes.
Being able to track and measure your marketing efforts to see how far you've gone.
Other reasons may be because of poor money management.
Your business lacks value.
You don't fulfill the needs of your customers.

 

[Kane]

In order to succeed with your business, you need to have a business mindset. having business mindset means you are able to see and judge everything in terms of profit and loss. Not everyone has this character.

 

[Setho]

One of the common reasons for business failure I have observed is that rush to do things without the proper research. You shouldn't just go into a business because many people are doing it and are being successful in it. You should try to evaluate just how much you can be better or go for another type of business.

 

[Sincerem]

The common reason why business fails is due to lack of ideas and adequate plans that would improve the business greatly and improve it ,once this is,settled a lot business would thrive and move forward ,without fear of going down and others i think

You're right bro. This two set of factors diminishes business. For business to move forward and operate for long term, intuitive ideas, adequate planning should be put in place to drive the affairs of the business achieving success.

 

[Pastor Samuel]

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

 

[Robrown83]

Starting a business requires a lot of skills and experience so as to maintain the longetivity of the business. One of the reason for business failure is mismanagement. Whenever the owner spend beyond the profit of the business, there will be failure of such business.

 

[Ehizzy1]

You're right bro. This two set of factors diminishes business. For business to move forward and operate for long term, intuitive ideas, adequate planning should be put in place to drive the affairs of the business achieving success.

All these factors needs to be settled to see the business move forward on a larger note and a lot of people would benefit and also make profit from the business ,because there would be more advantage , but also learn how to manage risk

 

[Sincerem]

All these factors needs to be settled to see the business move forward on a larger note and a lot of people would benefit and also make profit from the business ,because there would be more advantage , but also learn how to manage risk

When the necessary factors are put together, it moves the business forward and also enable the entrepreneur to manage the risk associated to the business, to record better profit at the long run.

 

[Ehizzy1]

When the necessary factors are put together, it moves the business forward and also enable the entrepreneur to manage the risk associated to the business, to record better profit at the long run.

There is a high possiblity of making more profit when things like this are been put into place and are also taking into consideration when building your business to a higher level ,there is more benefit attached

 

[Sincerem]

There is a high possiblity of making more profit when things like this are been put into place and are also taking into consideration when building your business to a higher level ,there is more benefit attached

Their is ways to take the business higher than the information quoted by the poster. We just have to start gradually, think wisely, be creative, and make something eye catching in your business someone haven't done before.

 

[Cash%]

This are the major reason business fail ,another reason is that some business just don't have the quality in them in trying to achieve their objectives. They usually fail most times when moving to achieve what they want to achieve because of bad management