Common reason of business failure

[tyrim88]

Starting a business may seem easy but maintaining it is not that easy. There are lots of reasons that may lead to business failure. Lack of consistency is a factor. You must be consistent in your doings. Even if things ain't working fine

One of the things that makes lots of persons to go into business is usually the inentive of huge profit,not knowing that you have to build structure to be able to acheive such height,competence,what you are bringing to the market amongs others matters.

 

[Sincerem]

One of the things that makes lots of persons to go into business is usually the inentive of huge profit,not knowing that you have to build structure to be able to acheive such height,competence,what you are bringing to the market amongs others matters.

That's what some business owners may not understand , they might believe that the main intention of starting a business is to make profit , but it may not be so. How to organise and arrange your business to a point of making this profit is what every business owners must focus to do.

 

[tyrim88]

That's what some business owners may not understand , they might believe that the main intention of starting a business is to make profit , but it may not be so. How to organise and arrange your business to a point of making this profit is what every business owners must focus to do.

The business world actually is vey broad,the passion for what you intend to do is another driving force,how to strategically plan and understand what the market wants,positioning is another,advertisment and your ability to learn very fast also is a factor.

 

[Sincerem]

The business world actually is vey broad,the passion for what you intend to do is another driving force,how to strategically plan and understand what the market wants,positioning is another,advertisment and your ability to learn very fast also is a factor.

Anyway my gaming business is just not an advanced business like companies or something related to that. For now I am not ready to establish any serious business organisation until I am done with my education. I know the stress that is involved in doing this.

 

[Shigobad20201]

When we fail to plan in business before we start , then we have already planned to fail because failure in business most of the time has to do with improper planning .

 

[nana kwasi1]

Most business fail because of lack of proper management and lack of effective supervising of works this really affects the business badly in terms of Money wise and also improvement

 

[Immilash1]

Most business fail because of lack of proper management and lack of effective supervising of works this really affects the business badly in terms of Money wise and also improvement

That's true, if you don't know how to manage a business you are going to be a failure,a lot of people don't really understand this kinds of secrets, having plans are very important.

 

[Imran_Noori]

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.

Many businesses fail because of bad business plans and locations that are selected for them beside that one of the major factors that can fail a business is lack of patience.

 

[Good-Person]

Many businesses fail because of bad business plans and locations that are selected for them beside that one of the major factors that can fail a business is lack of patience.

A lack of productivity and a lack of sufficient amount of employees is also one of the main reasons why so many businesses struggle so much in the end.

 

[Immilash1]

Many businesses fail because of bad business plans and locations that are selected for them beside that one of the major factors that can fail a business is lack of patience.

That's true, you have said it all, if you don't have a good business plans and location I also don't think you can earn a considerable amount of money on that business.

 

[Alisco]

The most common reason for business failure is the improper orientation and funding from the on set of business.

 

[Good-Person]

That's true, you have said it all, if you don't have a good business plans and location I also don't think you can earn a considerable amount of money on that business.

Having a great business plan is really important in many cases. However, implementation of those plans at the right time is also quite important as well if you ask me.

 

[Immilash1]

Having a great business plan is really important in many cases. However, implementation of those plans at the right time is also quite important as well if you ask me.

That's true sir, if you are not good at planing I don't think success is for you, just like the popular sayings, if you failed to plan you have planned to fail.

 

[Smiles20]

A good number of the people I have seen fail in business before was usually as a result of them not taking customer complaints very seriously. This is one of the biggest mistakes.

 

[Sincerem]

A good number of the people I have seen fail in business before was usually as a result of them not taking customer complaints very seriously. This is one of the biggest mistakes.

That might be true. What I have come to understand is that it is not only one single factors that leads to business failure. Other factors also contribute in one way or the other. It may be as a result of not taking customers complaints seriously together with bad location and other things.

 

[Alisco]

Business failure is mostly coursed due to improper orientation and improper business planning from the on-set. A business built on a poor idea or plan may likely fail sooner later.

 

[Genie011]

Lack of making adequate research and proper feasibility study before starting up a business can be a major cause of business failure. This causes alot challenges to the business.

 

[Sanderisan]

A common reason for business failure is the lack of attention to some minor details. You might not count small costs for your business, and those costs hit your budget hard.

 

[Ronny_4son]

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 reasons for failure to run a business can be capital related, and can be also due to an inadequacy of business acumen. The business plan may also not be up to scratch

 

[KomaTexada]

A common reason for business failure is the lack of attention to some minor details. You might not count small costs for your business, and those costs hit your budget hard.

You go into overdraft because of minor and unexpected expenses, and you might need to take a loan. For instance, I need to send a lot of mail and spend money on it when I can’t email my partners and clients. So, to save money on mailing,