Is lack of FOCUS the reason most Startup fail?

[Lucy ID]

Lack of focus can be classified as one of the reasons for failure in business but it's not a major or main reasons for failure for a business there serious or important factors that can result into a failure of a business

 

[Skysaint]

Obviously, lack of focus won't make your business to prosper rather it does the opposite. You need to set your business goals as a business owner and be focused towards achieving them

 

[Good-Person]

A lack of focus can be one of the main reasons why a business fails, but I do not think that it is the only reason why many businesses fail. Businesses fail due to many reasons such as a lack of funds, a lack of marketing, and a lack of demand of the product you try to sell.

 

[Elfinito]

Lack of focus, consistency and bad management can bring down a newly established business
Another factor that can bring down a newly established business is lack of good planning

 

[jay]

New startup can fold up if there's no
Adequate funding.
Proper monitoring.
Good managerial skill.
Enough Experiences.
Family issue or issue beyond business owner solving capacity

If you definitely have adequate funding and good managerial skills you are definitely set up very well to manage your business exceptionally box in the process of lacking focus everything is going to crumble in your face.

 

[Kingstone]

Even if you have focus, you need some efforts to actualize your dreams. Focus only is not enough and I don't think without it alone, businesses will fall. Factors like leadership, risk management, and customer satisfaction are crucial

 

[Godspower]

Even if you have focus, you need some efforts to actualize your dreams. Focus only is not enough and I don't think without it alone, businesses will fall. Factors like leadership, risk management, and customer satisfaction are crucial

Your assertion is quite true. You need more than focus in order to succeed in a business. A good business plan and strategy in addition to adequate capital are necessary factors for the success of a business.

 

[kinqzbitz]

Yes it is actually one of the reasons and also when you start up a business you must try very well to actually make it work and it can only work with determination and work

 

[Adecyptii]

In everything focus is important in other to achieve the best,likewise in business for it grow and explore one has to focus,in other to achieve more.

 

[Heatman]

Having studied how over 60% of startups failed, I noticed series of trends that eventually lead to their early closure. The one that baffled me the most is the major impact it has in early closure on some promising businesses.

What other things could lead to early closure of Newly established businesses?

A good focus in your business is something that is very important because it is going to ensure that you're not distracted when it comes to running your business on daily activities.

 

[tyrim88]

New startup can fold up if there's no
Adequate funding.
Proper monitoring.
Good managerial skill.
Enough Experiences.
Family issue or issue beyond business owner solving capacity

These are reasons for new start up failure,and another thing is that most entreprenuer are not patience enough to allow te business to mature and grow with time,they are always eager to rush into what is currently trending.

In everything focus is important in other to achieve the best,likewise in business for it grow and explore one has to focus,in other to achieve more.

One of the things that can make a business to really not to go forward is if the business owner is involved in trying to do too many things at once,reason why its very important to be focus on doing a aprticular thing.