What makes some people fail in their business start up prematurely??

[idhans]

Its never easy driving a business towards it's potential height. Some people face challenges at some point, and couldn't continue on the right path towards their business goal attainment. And that led to their abrupt end, cos they couldn't resolve the challenges they faced during their early business start ups.

What are those challenges that hinders a business reaching its dream??

There are quite a number of factors that causes people to fail in their businesses immediately after startup. The main cause of failure in businesses is lack of good business plan. Some people just jump into the business for the sake of doing business and didn't take time to count the cost.

 

[Hasan Raza]

No doubt you said absolutely right about your thread. There some other factors that lead to failure. The man has no proper planning to do a business. With all this he has lack of management and experience regarding strategic planning. He has also not ability to take wise decision.

 

[Aniwhyte]

Number one culprit why some people fail massively after newly starting a business is lack of business plan, lack of motivation, lack of zeal to continue and keep on pushing when things seems to be going the wrong dimension and most importantly lack of capital to push the business to a more greater heights.

 

[Sammyesx]

I believe the reason for this is lack of proper planning, starting a business is not, making it successful is even harder,soone has to have a very good business plan to whether the early storm. It might also be as a result insufficient knowledge about the business.

 

[arrain3786]

Many startups fail because they don't have a viable business model or idea. Many fail because they haven't been able to gain enough traction with customers or are unable to cope with competition. ... But some startups even after successfully traversing market challenges still don't manage to survive.

 

[Tariq Shehzad]

There are many reasons behind it that make the people fail in business. Some of them is lack of experiecne as we know that business requires some experience of it as people have no experience.

 

[Chibson]

One of the main reasons, people fail in their businesses prematurely is because of lack of strategic planning and funding. Anyone who wants to go into business, should do proper research and consult as many people as he can in order not to short of ideas.
Businesses should also launched their presence online order to reach more audiences.

 

[Milz]

Plan all the way to the end so when you meet an obstacle you would conquer it. That's just one basic principle of business. Most face challenges that are way out of what they planned for and they fail to overcome leading to business failure.

 

[Sincerem]

Poor planning and too tall an expectation as compared to the actually reality. Because MR A is doing well in his well thought out business was all and the only reason that MR B clinged on to start up.
It doesn't mean that MR B can't success in MR A's business. MR B should be prepared to face and overcome his own challenges. Every business owner should not always exempt the possibilities of failure. Infact they should draw up recovery plan to get out of challenging situation.

That is good points, one shouldn't just follow in the footsteps of the other successful business man cos he is succeeding in that particular venture and we thought we can also succeed in that same business initiative. Forgetting that everyone has plan, and strategy to run his or her business.

 

[LaylaG]

Lack of concentration in business is the main issue and is also the main reason why a lot of people do fall in some business and not knowing how to satisfy your customer is number one reason that make people to fail in business, just know your goal and responsibility as a businessman.

 

[Trexxxy]

A lot of things affect or hinder the growth of a business. When the owner refuses to employ the right strategies and plan, then the business is destined to fail. also, another problem is spending funds meant for business on other frivolous things.

 

[Taiwoayan]

So many factors can cause it,lack of planning, inexperience and poor feasibility study

 

[Dylinks]

Failures in businesses can be attributed to so many factors as listed below:

1. Lack of full concentration/dedication on the business as start up.

2. Wrong set of personnel.

3. Mismanagement of fund.

4. Wastages of resources.

5. Lack of vision or appraisal.

 

[Taiwoayan]

As said,lack of proper planning

 

[redpogi16]

Businness is a high risk gamble because you don't know if it's going to be successful or not. But failure is always a stepping stone to success don't be afraid to fail because every fail makes you learn new things.

 

[zenith]

One of the factors responsible is depending on the little profit for your up keep.every new business needs time to able to stand on It's feets.so before starting a business you will have to make sure you can give it that time it needed to stand strong and sustain you before you can start taking money out of the profit for your up keep.

 

[joy101]

The reason why some people fail in their business is because some lack of planning, before going into business you have the necessary things in the business and also to have more experience about the business, all this can bring failure in a business.

 

[Ehtisham memon]

I think Bussiness fail reason is taking not time and dealing is not good and not taking interested in our Bussiness and free minding dealing with other and so on matters whose fail in our business

 

[Kelly5]

Its never easy driving a business towards it's potential height. Some people face challenges at some point, and couldn't continue on the right path towards their business goal attainment. And that led to their abrupt end, cos they couldn't resolve the challenges they faced during their early business start ups.

What are those challenges that hinders a business reaching its dream??

People tend to fail in their business set-up because they have not been able to do the needful thing that aught to have been done which is adequate and proper research on the business endeavour.

 

[Ridorz]

Some business may collapse in premature level due to many reasons of challenges they might be facing and I can just mention a few of it. Lack of knowledge, lack of well plans or strategies, lack of financial, lack of well management, lack of customers care etc. These are the major challenges that can lead a business to die.