What makes a business to fail?

[tray591]

What are some of the things that makes a business to fail?there are alot of business this days that fails along the way,sometime poor management improper planing and lack of customers may be the reason why the business fail but aside from this factors what are others factors that cause a business to fail

 

[mubinadaddy]

I quite agree with you. Most business does fail if they lack adequate planning, discipline to work their business out in a right direction and inadequate to set goals and target for yourself on a daily basis.

 

[joy101]

There are many factors that makes business to fail, before going into business you need to know more about the business and also to plan very will and have knowledge too in the business.

 

[Modupe]

What are some of the things that makes a business to fail?there are alot of business this days that fails along the way,sometime poor management improper planing and lack of customers may be the reason why the business fail but aside from this factors what are others factors that cause a business to fail

Their are a lots of reasons why businesses failed. One of the reasons is incompetency of the owner and unskilled staffs. If the able hands are handling the business with great experiences, the business will boom like any other great businesses.

 

[Ezekiel]

The major reasons people fail is in business is inappropriate plan towards work most of us also do not employ the right skilled staff,and inability to satisfy customer

 

[Immilash]

there are many things or factors that makes a business fail ,lack having the experience also leads to business failure,without having the full experience to start up the business one can fail ,and also inadequate preparation

 

[eLdavis]

A business could fail based on various reasons, it could be due to poor management or lack of management in total, it could be due to bad customer services, it could even be lack of capital.

 

[Solutionav]

What are some of the things that makes a business to fail?there are alot of business this days that fails along the way,sometime poor management improper planing and lack of customers may be the reason why the business fail but aside from this factors what are others factors that cause a business to fail

Talking about factors that contribute to business failing varies from countries for some is environmental factor, while some is location of the business and some is because the owner lack focus

 

[Kubiat-Abasi]

Well, factors that hinder business growth ranges from: poor management decisions, insufficient marketing, lack of interest from the public in the business offerings and failure to listen to customers.

 

[Ralphjoe]

What are some of the things that makes a business to fail?there are alot of business this days that fails along the way,sometime poor management improper planing and lack of customers may be the reason why the business fail but aside from this factors what are others factors that cause a business to fail

There are several factors that can be ascribed to the reasons why most business fails and one of those reasons why businesses fails is the fact that the owner of the business does not have the requisite knowledge of the business before it started it and then there is also the challenge or lack of financial stability to really move the business into success.

 

[Good-Person]

There are several factors that can be ascribed to the reasons why most business fails and one of those reasons why businesses fails is the fact that the owner of the business does not have the requisite knowledge of the business before it started it and then there is also the challenge or lack of financial stability to really move the business into success.

Well, this is one of the main reasons why it is always a crucial thing to get proper knowledge of the business you plan to start. many people follow other's advice when it comes to business and end up suffering from a huge loss just because they followed the opinion of those who gave them advice and they themselves never had any knowledge of the business.

 

[Setho]

So many businesses normally fail due to a combination of many other factors like lack of focus and also change in the government's policy or in the regulatory bodies.

 

[Snazzy001]

Inadequate business experience can make a business fail, also insufficient capital can also go a long way to making a business fail in no distant time

 

[JoeTom]

So many factors can influence this, 1. lack of financea to fuel the biz, 2. Inexperience, 3. Inconsistency. Etc.

 

[Kelly5]

So many factors can actually be combined to look at what makes a particular to become a failure. It might just happen that the entrepreneur of the business in question isn't really serious with his business in the first place

 

[Kunkun]

Lots of factors could contribute to the downfall of a business and most times it's up to the business owner of a business fails or succeeds, but a consistent business owner would see less failures

 

[Ralphjoe]

Well, this is one of the main reasons why it is always a crucial thing to get proper knowledge of the business you plan to start. many people follow other's advice when it comes to business and end up suffering from a huge loss just because they followed the opinion of those who gave them advice and they themselves never had any knowledge of the business.

The truth is that it's not everyone's advice that is bad advice there are also some good business advice is that people are giving and one thing about it is that most of these people that the advice is given to do not have on those advice instead they do according to what they feel is right in the business.

 

[tyrim88]

Another thing that makes a business to fail,is the incompetence of the person involve o how to carryout strategic planning for the future growth of the organisation or business.Lack of long term planning for the business is also a major factor.

 

[eLdavis]

Another thing that makes a business to fail,is the incompetence of the person involve o how to carryout strategic planning for the future growth of the organisation or business.Lack of long term planning for the business is also a major factor.

True, especially in cases you put in someone that has little to no experience to spear head the business, the person would not know what to do on certain issues or even how to follow the plan if at all there are plans put in place.

 

[Keibah]

You already mentioned the most obvious causes. however, I believe competition can also make businesses fail. If you have worthy competition out there and you aren't doing anything to rise above it, it will be only a matter of time before you run out of business. Another factor I think is lack of innovation. When you let people get bored without spicing things up, naturally they may lose interest. Hence promotion is important.