Common reason of business failure

[Dubai]

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.

The most common reason for fialutte in business is that many business owners are bereft of ideas and fail to make proper financial plans.

 

[Senator]

It is true that to run a business is not for the faint hearted. You need a very brave and courageous mind and personality to be able to run a successful business enterprise

 

[nimzy]

the most common reason for business failure can be 1. lack of qualified managers to manage the business resources, 2. lack of capital also contributed to the failure of business.

 

[Kane]

Overstaffing, high running cost, selling not so good products, selling products that is already saturated in the market are some of the reasons of business failure.

 

[Immilash]

Most of the common reasons that generates failure to business is lack of capital refundind and when the business man doesn't gets the desirable profit he wants
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Most of the common reasons that generates failure to business is lack of capital refundind and when the business man doesn't gets the desirable profit he wants

 

[Haveit]

Based on the few experience I have with business owners I have worked with, the biggest challenge business owners face that may fall a business is planning, planning virtually everything which can be overwhelming.

 

[Setfragil]

Overstaffing, high running cost, selling not so good products, selling products that is already saturated in the market are some of the reasons of business failure.

You are so on point with your submission. When a business owner over staffed his business, it will add a lot of weight to the cost of running the business. Every business should ensure that it employs only the needed hands in their business.

 

[Delight]

Inadequate capital to run the business to a succeeding level is one of the things that might cause a lot of business failure, lack of proper management is another thing that might lead to business failure, natural disaster is something we should not overlook.

 

[Queentener]

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.

I will say what can make a business fail totally is starting a business where there is no need for, for instance you are in an environment full of aged people and you decide to start selling products for youth that business has failed already

 

[Lordfalcao]

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.

Yes I agree with you I really think personally business failure has become as a result of many factors like your employees or nature of job(if seasonal or not) and most importantly the competition involved.

 

[Psalmseen]

There are lots of reasons that can lead to business failure. The first reason is that if a business owns lacks the passion for the Business, the business is failing even before starting at all

 

[Kunkun]

There are common reasons why businesses fail and most of the time its due to lack of funding and capital needed to successfully run and manage a business

 

[Kennysplash]

Business failure can be sure to a lot of reasons. One is not being flexible and the inability to change when necessary. There are times when you have to make drastic and important decisions, do so without delay.

 

[Chibson]

the commonest reason why businesses fail is because the owner of the business does not have adequate knowledge and understanding of how to run a successful business and that is very bad.

 

[Richard92]

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

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

One reason why business field is when it has poor management structure do use will make the business not to be able to grow properly

 

[kay169]

I personally think the main reason and the most common for business failure is lack of planning and strategizing the business properly

 

[McIrx]

Wrong partnership and employees constitutes a few of the reasons why businesses fail. If the wrong people are employed to strategic positions in a business they will definitely sink that business, no matter the amount of cash flow or preparation put into place before starting that business.

 

[Funky]

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.

Very true, especially for a business that is just starting there would definately be a lot of challenges that one most likely didn't even see coming which is why you need to be cognitive and be a solution thinker.

 

[Setfragil]

The most common reasons for business failure is lack of knowledge and experience on the job or business that you venture into and poor business funding can also make a business to fail.

 

[Kelly5]

If you are just starting out a new business, it is not too good to start employing too much staff into the business. It is wise to employ just a few help for a start and when the business starts growing then you can increase the staff based on the improvement you're seeing