What makes a business to fail?

[Stnicholaz]

There are many reason why business fails and most of the reason have been stressed in most of the comments. But one reason why business fail which is over dependence on one or two customers.

A business that over depend on one or two biggest customers to make profit is liking a ticking time bomb waiting to explode. Once the customer(s) leaves and most time the business will he greatly affected. It better to increase customer base to avoid sure situations.

 

[Heatman]

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

You can actually solve the problem of business distraction by employing those that will take care of your daily business for you while you focus on what is taking most of your time to not be able to handle your business very well.

 

[Laurentta]

Improper planning and lack of customers are the main reasons business fail. Another cause of business failure maybe inadequate funds to expand the business.

 

[Lucy ID]

There are several reasons why businesses fail, the most common factor is lack of proper research about the environment the business is located or established and people urgent need for the goods and services want to be rendered

 

[Mayox25]

There are so many reasons for the failure of business. These include unfavorable government policies, poor infrastructure, inadequate capital, poor managerial skills, poor accounting practices,and many others.

 

[Stnicholaz]

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

You are right, some cases some employers or business owner employs unskilled or unqualified workers, in some cases underpaid qualified workers just to maximise profit. That alone affects how they treat customers.

 

[Timgab]

Why businesses do fail is because of the strategy they operate on. Another reason business fail is due to the people in it. Also most business fail when they think that they have arrived. Striving for more is business.

 

[Immilash1]

on my own views,the main reason why most business fail is because of lack of appropriate preparation. many people wants to start up a new business but they don't want to spend enough and plan.

 

[Sotherefore]

Lack of proper knowledge about the business can also be the causes why some business fail, it can also be that the business is located in a location in which there is no demand for what products or services they are offering , This can also contribute.

 

[Godspower]

So many things can make a business to fail. Lack of a business plan, capital, lack of financial discipline, low quality of products, poor customer relationship etc are some of the things that can make a business to crash.

 

[Kaffyfolla]

These factors can make business fail: Not Seeking Professional Advice , Lack of Good Customer Care, Copying Others, Lack of Experience,u Not Seeking Professional Advice, Lack of Good Customer Care, Copying Others, Lack of Experience, unaccountability

 

[Immilash1]

if you will ask me what makes must businesses to fail i will say is mismanagement, must entreprenuers dont have enough experience before they start the business.

 

[Skysaint]

The issue of business competitors is actually a great threat to the progress and success of any business so we should pay more attention to that as it has led to many business failures.

 

[kinqzbitz]

They are lots of things that actually makes business fail and they are giving things in credit and also lack of capital and also the cost of trying to pay of the the loan gotten

 

[Justin]

When the business is not able to make money to pay for its running cost and it has negative balance, it is making a loss. This happens when sales fall, running cost is high, etc.

 

[Abigael]

on my own views,the main reason why most business fail is because of lack of appropriate preparation. many people wants to start up a new business but they don't want to spend enough and plan.

Yeah, lack of a good business plan can make a business to fail drastically. This is because of lack of focus and direction on how to go about business tasks. It is best to plan a business first.

 

[YERUS]

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

A lot of things can cause a business to fail.
They include poor management on the part of the business owner
Inability to satisfy the demands of customers and poor planning.

 

[eLdavis]

They are lots of things that actually makes business fail and they are giving things in credit and also lack of capital and also the cost of trying to pay of the the loan gotten

What about cases whereby those asking for credits are memebers of the family, how should a business owner handle such issues?

 

[jay]

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 foundation of your business is something that is very important to the survival of your business because when you lay a good foundation for the business that you want to run it is going to survive any challenge that comes to it and grow very well.

 

[Immilash1]

Yeah, lack of a good business plan can make a business to fail drastically. This is because of lack of focus and direction on how to go about business tasks. It is best to plan a business first.

When you lack a good business plan the business will be like and empty sack. And empty sack cannot stand on its own without putting something inside.