Common things that make some business owners to fail?

[Chizfab]

When you fail to plan, then you plan to fail. Before even thinking of starting up a business, no matter how lucrative and big you will make from the business, always conduct a feasibility study, get your fact right, source for mentors who are in the same business and learn how they make their. Conduct market research and draw out your business plan that will guide you through the running of the business.

 

[Ralphjoe]

I have observed that some food sellers in my school's campus do not take hygiene as a high priority and this has caused many students to stop patronising them. This level of negligence is what makes it hard for them to make profits as they should.

What reasons make some businesses to fail?

As far as I'm concerned one of the greatest reasons that make business sense to fill in as a result of the found that most of these business owners do not have the basic knowledge of the businesses that they do start up or they want to start up and as a result of that those businesses fails.

 

[Setho]

A lot of business owners who fail in their businesses because they do not like to take advice and correction from people who are much more informed.

 

[ahmedo24]

Inexperience and poor financial management can lead to business failure because if you are not prudent you will over spend money in business which can lead to loses.

 

[Chibson]

There are so many things that makes businesses not to succeed ranging from financial Management ability of the business owner and the kind of people that works for him or her.

 

[Senator]

These common things that makes these business owners fail in their business endeavor are what developed over time to become an attitude. They are very lazy towards their business. They don't take their business seriously from all indications

 

[Shigobad20201]

Most business organisation lack focus and they grow tired whenever they have a little problem, and to some other business, they fail because of their financial incapability.

 

[Emmy]

Business owner must be very prepared before venturing into any business. Loan is the major cause that has led many businesses to cease to exist. Before taking loan in starting business, you have to look on how to about the interest that will not affect the growth of the business.

 

[Snazzy001]

some business owners feel the house or is on the details belongs to dance studio have your for sure she's to do with a financial aspect anyhow do you want to

 

[tuna89]

Failure to understand the products and services you offer as well as failure to make a good market research to understand the buying power of the people.

 

[Alexandoy]

Failure to understand the products and services you offer as well as failure to make a good market research to understand the buying power of the people.

As the saying goes, you have to be the master of your business before you can sell. In other words, know everything that you need to know about the product and how it is related to the customers. For a food product you have to be aware of the freshness and quality. That department is one cause of failure for the food business.

 

[Skysaint]

One if the common reasons why business owners do fail is the inability to regain focus after suffering from maybe a loss. It takes a very strong business man to stand back to his feet after making severe losses and regain focus

 

[Chibson]

There are many things you need to do in order to be very successful in your business and one of them is being very determined and focused..

 

[Ghost1]

The most common reason why business fail is poor planning and improper work ethics, If these two issues are fixed then there is nothing to worry about

 

[Favouredgirl]

I have observed that some food sellers in my school's campus do not take hygiene as a high priority and this has caused many students to stop patronising them. This level of negligence is what makes it hard for them to make profits as they should.

What reasons make some businesses to fail?

Business fails for different reasons; when the business owner have poor knowledge or understanding of what he's doing his business will fail, if a business owner fail to meet the needs of his customers his likely to fail in that business with respect to the instance given, the food sellers failed because they could not meet the needs of their customers, it's not just about the food tasting nice or looking presentable and affordable, the major problem the students had was their poor hygiene which they feel will be a threat to their health, so ignoring the needs of your customers can make a business owner fail.
Poor attitude towards work could also make a business fail.

 

[Ceeny007]

The way your workers treat customers,your consistency in delivering availability,quick delivery time, how fast your customer representative respond to issues.

 

[Filicit]

No wonder it is been said that little drops makes a mighty ocean, the little things most business owners neglect is something that turns out to what affects the business or even shut it down. Entrepreneurs must make sure they are in the right track

 

[nimzy]

The common mistake business owners do face is to allowed the problems of family overshadow their business activities most especially much spending on some family issues will definitely affect the income of a business.

 

[Tochi]

I have observed that some food sellers in my school's campus do not take hygiene as a high priority and this has caused many students to stop patronising them. This level of negligence is what makes it hard for them to make profits as they should.

What reasons make some businesses to fail?

I believe there are many reasons why most businesses fail. One among them is the inability for business owners to take risk. When one sees or have knowledge on how to promote his or her business, but because of the financial hurdles attached, such person just decided to erase such idea. It could make a business to be static. A business without risk is risky, and can cause a business to fail.

 

[Cee C Chriss]

Lack of Punctuality,U establish a business. Once a commodity is about to finish,you won’t try your possible best to replace it immediately before it even runs out,so as to avoid customers coming to look for it and not getting it at regular bases. When they keep on requesting and it’s hardly ever available. They will seek elsewhere without branching at your spot. To avoid disappointment. Always restock... don’t run out,Don’t feel lazy,it’s a business !