Common reason of business failure

[Hamza1999]

Failure to market online. In an age where "Google" is a verb, if you're not marketing online, you're not selling as much as you could be. ...
Failing to listen to their customers.
Failing to leverage future growth. ...
Failing to adapt (and grow) when the market changes. ...
Failing to track and measure your marketing efforts.

 

[redpogi16]

There is many reason why one company or small/big businness are falling. But the one of the many common reason is losing control of the finances where the company or business owner loses control to the financial issues. Money is the important if you are running a business.

 

[jimmann247]

one other good reason I see that lead a lot of people into business failure is that they go into business because they are friend or someone they know is in the business, they tend to look down on that person saying, if such person can do the business and succeed, them too will succeed not even minding the experience part of the business.

 

[Yunus]

Poor planning. You finally get started but you didn’t plan well enough for the financial, emotional, mental and physical implications. You didn’t save enough money, you didn’t do enough research. As a result, you run out of money and ideas very quickly with no plan of how to get yourself back on track.

 

[Ayokex]

Common

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.

Common reason for business failure is lack of planning. If you have a business and you fail to plan for it, the business will eventually crumble. Failure to plan is planning to fail. Ensure you a proper layout for your business, don't just your business on air. Planning helps to to prepare for any unexpected occurrence and cater for it.

 

[Axad. Mrb]

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.

 

[Onachukwu]

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.

 

[ENVOH JNR]

The simple reason for business failure is the poor management of funds and also lack of administrative attitudes.

 

[Ausaf Ali]

There are many reasons to fail business.
Fraud
Miscommunication
Low profit margin
Debts business
Low budget

 

[Klashlly]

Common reason of business failure​

Failing to listen to their customers
Failing to leverage future growth.
Failing to adapt (and grow) when the market changes.
Failing to track and measure your marketing efforts.

 

[Abbas007]

There are two major things that often lead to business failure. One is that you do not have the maturity of experience in any business and the other is that you do not plan properly, it reduces the chances of success.

 

[Janita]

Running business or starting business is not as easy as we are thinking for running business wealth we need to higher educational employers like educated employees and well experienced employees because without their experience and hardworking we cannot Run or business good but there are some major things that we make mistakes in this and our business fell down we always hire those people who are less educated and less experienced so they are not mentally ready to to face all the heart projects in a proper time this is the major problem that's why our business failed to run second thing or behaviour towards employees is not good we always see them from bad eye which is a very bad thing .

 

[chicnthin]

In most cases, the reason is because of lack of capital or not getting enough sales. At first it would seem like a business is generating sales but there's a probability that the expenses are also high, resulting in low profits.

 

[Ibrahim1]

As for me before starting a business you have to be very careful and it's going to be very challenge thinking of business in the first, moreover making the business very successful is very hard but based on focus and accomplishment then you have no problem

 

[Folaham]

I will express my opinion based on my own experience, in the past what caused the failure of my first business was the lack of a plan and a strategy, I had the capital but not the structure, I had the resources but I did not know how to manage them, I had the product but I did not know how to promote it ...

Poor financial management, poor or lack of knowledge and poor marketing strategy cost you in that business. All points noted by you are very vital to the success of any business.
The good thing is you were able to identify the areas where you failed and in making a recovery plan will be much easier for you because to know exactly and how to go about them now

 

[Ghazi1402]

Lack of Alignment Between Strategy, Objectives, Vision and KPIs. “Some businesses develop Visions, Strategy, Objectives and KPIs independently of each other, not understanding that they should be linked. ...
Lack of Discipline. ...
Lack of Accountability. ...
Lack of Head Space. ...
Lack of Courage.

 

[Sariana23]

There are many reasons for business failure, but I think that the common one in general must be poor financial management, it can also be added that the products are not aimed at a target audience with quality products, brands and at good prices. Most of the customers look for that in the products.

 

[Patrik]

i would say as a reason competition, once there are competitors and you aren't smart enough to beat them, you will just lose and no one will take your business on consideration when thinking about something

 

[Frank]

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

Cash remains the king in every business. I have seen situations where people felt that they can handle businesses without money, but struggled till they are out of business. You need money to run your business effectively and not ideas or motivations alone.

 

[Sheyemanu]

I personally feel that 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 the business they are venturing into, they were only interested in profit, and they didn't take note of the risk, and challenges that is involved in starting and running a business successfully