What makes a business to fail?

[skyliequiz]

Failure to foresee or respond to changes in competition, technology, or the marketplace can put a company in jeopardy. Keeping your business competitive requires staying inventive and informed.

 

[Samknowis]

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.

 

[Felixko]

Businesses can fails as a result of inexperienced management. The main reason for business failure is inexperienced management. Managers of bankrupt firms do not have the experience, knowledge, or vision to run their businesses.

 

[Kelly5]

When people become so very distracted from their business, the inevitable hing to happen to that business is it's collapse and subsequent dissolution.

 

[Jhayms07]

Well there are a lot of things to note when it comes to business failing. Lack of funds, consistency, discipline and sometimes the environment also affects. So so many factors depending on the type of business too and it's strategies

 

[eLdavis]

Businesses can fails as a result of inexperienced management. The main reason for business failure is inexperienced management. Managers of bankrupt firms do not have the experience, knowledge, or vision to run their businesses.

This is why as a beginner in a specific business, it is adviced to either search the help of a mentor that would assist you and put you through on all that is needed or you can simply hire an experienced manager to help run it on your behalf.

 

[Ezekiel]

Why most people fail, is inability to plan well,some does not know why they are Operating such business system,a business is to solve a problem,it is difficult to progress when you don't know the service you want render

 

[Ralphjoe]

I see some post about poor management and all that. But there are unforseen circumstances especially when your business is not insured.

I think poor management is one of the biggest culprit to the reasons why most businesses failed as a business is as good as its manager. One of the biggest challenges that most managers are facing is the fact that they do not have the requisite knowledge for the business most of the time.

 

[Tracee]

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

Inconsistency is one of the factors for failed businesses, so many give up even before they experience a turn over in that business.

 

[Skysaint]

Many factors are associated with business failure ranging from how prepared and knowledgeable you are on the business, your business location to how well you run the business to compete with your fellow business competitors

 

[Senator]

Impatience on the part of the business owner or entrepreneur am make business fail very quickly as it started. Everything takes time, So is running a successful business. You need to learn the ropes on how to do that business first

 

[Trexxxy]

The truth is we can make a whole book about why businesses fail. A lot of people have mentioned a lot of things in the comment as well. I think lack of capital, poor decisions and hiring the wrong personnel.

 

[Doris]

No business plan or poor planning
Failure to understand customers behavior today
Inventory mismanagement
Unsustainable growth
Lack of sales
Underestimating administrative task

 

[Ralphjoe]

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.

One thing that I know about most business owners is the fact that they have this callous attitude when it comes to the business reputation as the do not know what it means for a business to have a good reputation.

 

[Heatman]

In the end what makes a business to fail is that you are not able to get more sales than your supposed to which causes the business to run into expensive than the profit it makes for itself.

 

[Tracee]

Not enough funds is another factor that affects a business and it gets so frustrating that even after taking out loans the business still crumbles due unnecessary pressure and improper management

 

[Heatman]

I see some post about poor management and all that. But there are unforseen circumstances especially when your business is not insured.

Exactly, whenever you have a poor management setup in your business is always going to be very difficult for them to run the day-to-day activities of your business successfully.

 

[Ceeny007]

There are a number of factors that influence business failure,one of such is government policies,when government implement policies that hampers a particular industry,then there will likely be failure in such sector

 

[Joshua Idongesit]

so many things makes business to fail one of them is lack of planning you need adequate planning to run your business and you need to be deligent in your work to achieve the goal you wanted to achieve without this attributes you business will not follow well

 

[nimzy]

There are several reasons why.most business of this days failed it's very broad but first of all consider the managing units what are the administrative structure and how are they carrying out their duties as the managers in charge.