What makes a business to fail?

[Good-Person]

You made mention of marketing budget, is it also possible to be in a situation where you have placed too much in terms of marketing? And how much budget can one classify as being enough when it comes to the marketing department?

I think budgeting is one of the most important things when it comes to marketing and creating a marketing strategy. If you have a good budget, you might be able to reach a good number of audience, as you would have a huge range in this regards.

 

[ganibade]

There are many things that can make business to fail like low quality products. This we make many customers to divert demand to another products made by another company this will make business failed.

 

[Shigobad20201]

When you are not consistent with you business, you leaves your business because there are no sales for sometimes , and you also spend your business money anyhow , this might cause the collapse of the business.

There are many things that can make business to fail like low quality products. This we make many customers to divert demand to another products made by another company this will make business failed.

 

[Sotherefore]

Sometimes it is always as a result of bad planning and preparation that is why in anything we are doing planning should always be the most important thing we have to make sure we put in place.

 

[Setho]

A business is definitely going to feel if they do not put the customers as the most important aspect of the business. You are supposed to always collect valuable feedback and try to ensure that your business is up to the expected standard from them.

 

[Shigobad20201]

As an enterpreneur that wanted his or her business to succeed , proper planning is the way to make a business survive for a very long time and that's why we need a good business plan.

 

[Dora Wi]

There are so many factors outside of the business owner's control, too, that can lead to a business failing. Working in a field or with a business model that is badly affected by a recession can lead to failure, for example in times like the present. At the same time, certain niches become oversaturated with time or the demand decreases.

 

[Shigobad20201]

Lack of preparing for the business plan is the reason why most of the business fails , and sometimes it might be due to the wrong location of the business leading to non sale .

 

[tyrim88]

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.

That is one of the factors that can make one to fail in business,not having adequate knowledge about the terrian and the market as well is a huge factor,and not having a good way to respond to the changes in the market is another.

 

[Sotherefore]

Bad location is another important factors. Normally you cannot be selling industrial products on where they are not needed and all these things must be put into consideration when thinking of establishing any business. You must know the type of business that will be prosperous in a residential area.

 

[Robust]

Some businesses fail because of lack of capital, while some because it was not started at a right location and some are businesses fail because of over competition and some times less demands.

 

[Chibson]

one of the major reasons businesses do not succeed is lack of proper planning. When a business is not properly planned in terms of analysis and management it will probably not succeed.

 

[Godspower]

one of the major reasons businesses do not succeed is lack of proper planning. When a business is not properly planned in terms of analysis and management it will probably not succeed.

A business can fail due to many reasons. However, lack of proper planning is the major cause. Insufficient capital is also a contributing factor to the failure of most businesses.

 

[Chibson]

A business can fail due to many reasons. However, lack of proper planning is the major cause. Insufficient capital is also a contributing factor to the failure of most businesses.

When a business venture is not properly planned, it is likely to fail. anybody who ventures into a business without planning properly for it will probably not be able to succeed.

 

[Godspower]

When a business venture is not properly planned, it is likely to fail. anybody who ventures into a business without planning properly for it will probably not be able to succeed.

Another thing to note is that there are people who build their business on the ideas of others. They tend to struggle later on when they are supposed to make decisions for themselves.

 

[Chibson]

Another thing to note is that there are people who build their business on the ideas of others. They tend to struggle later on when they are supposed to make decisions for themselves.

Definitely, if you build your business in the idea of other people you will probably struggle later. it is better you bring your own idea because when you venture into the business it will be easier for you to run and maintain.

 

[Godspower]

Definitely, if you build your business in the idea of other people you will probably struggle later. it is better you bring your own idea because when you venture into the business it will be easier for you to run and maintain.

This is very true. A good business plan should feature assessment and strategies based on people's experiences and your own personal ideas as well.

 

[Chibson]

This is very true. A good business plan should feature assessment and strategies based on people's experiences and your own personal ideas as well.

Definitely you need the experiences of other people to succeed in business. this is why it is important to read business books and experiences of people that have succeeded in business.

 

[HK World]

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

The most common reasons small businesses fail include:

1. Lack of capital or funding
2. Retaining an inadequate management team
3. A faulty infrastructure or business model
4. Unsuccessful marketing initiatives

 

[Popular]

There are several factor which causes failure in business which much of it has been listed on the comments above.. adding to the causes, negligence on the path of the workers causes business failure.