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

[FreshKaz11]

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??

What most business owner don't understand that makes their business fall is that they join or allow friendship with business,like the saying there is no friend in business and always make sure you give the customer the best of the quality which they ask for tho.

 

[Sincerem]

What most business owner don't understand that makes their business fall is that they join or allow friendship with business,like the saying there is no friend in business and always make sure you give the customer the best of the quality which they ask for tho.

Business is strictly for profit making, anything that goes against such isn't business again. Allowing friends, family to take things from the business and never pays falls such business.

 

[nimzy]

Sometimes that can be as a result of shortage of capital in ability to manage the scarce resources in appropriate business plans and then lack or target and goals to achieve.

 

[Sincerem]

Sometimes that can be as a result of shortage of capital in ability to manage the scarce resources in appropriate business plans and then lack or target and goals to achieve.

When we're in for business we shouldn't allow whatsoever to derail our business progress. Be it family, friends, love ones etc, shouldn't make us lose it. Because that's our career, failure is very hard to repair.

 

[Setfragil]

There are many reasons why a business could fail prematurely. Most people fail in business prematurely because of lack of experience or expertise before engaging in the business. Government policies also affects businesses which can lead to their untimely death.

 

[Shigobad20201]

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??

Overconfidence is the first reason why most business fails prematurely, most business man and woman beleive they knows it all and instead of them to ask for help, they decided to jump into conclusion.

 

[Damscooguns73]

Concerning what makes some people fail in their business start up prematurely . Well, I would say lack of inadequate capital and finance to run the business and also when there is no concrete plan for such business, it will tend to fail as times goes on. It is better to make plans

 

[Bigabigs]

Businesses fail prematurely at start up stage because of the wrong and costly decisions the business owners make at the early stage of running their business. It gets tna point where the resources at their disposal cannot actually save the business anymore and so it collapses

 

[Sincerem]

Overconfidence is the first reason why most business fails prematurely, most business man and woman beleive they knows it all and instead of them to ask for help, they decided to jump into conclusion.

Laughs. We shouldn't rely on our ability, or techniques alone when operating a business initiative. Seeking opinions from well experienced entrepreneurs in that business idea is necessary.

 

[Ayokex]

The failure of many startup business can be traced to lack of business knowledge and planning. Business is not just what someone decides to do now and start immediately. To start a business successfully it is very necessary to acquire adequate knowledge about the particular type of business.

 

[Good-Person]

A new business always struggles and I have seen this and experienced this personally. You have to be patient and work hard in order to make your business more successful. Marketing is a great way to promote your new business. Moreover, it is always advisable to invest less amount of money if you are not experienced.

 

[Setho]

Based on what I have experience in the field. Many start ups which I have seen failed was as a result of not so much proper research about the business first.

 

[Sheyemanu]

Well, in reply to the question in your above post concerning what makes people fail in their business start up prematurely, although i don't understand prematurely in this context, there are a host of different reasons in which a startup can fail

 

[Setho]

I have come to the conclusion that a good number of people actually fail in their business startup because they do not make a lot of research to make informed decisions in it.

 

[Ralphjoe]

Lack of proper orientation is one big problem for every starter in the world of business. A lot of newbies in business think that it's a bed of roses, they want to start with juat few bucks and end up owing million within a few weeks thinking its as easy as that. Also, some do have poor or no feasibility studies for their business.

I think the reason why most of these people do not get proper orientation about the business that they want to start it because they do feel that most of this business are quite easy to run because they say most people run these businesses successfully but one thing they fail to realise is that there are steps and information that one needs to have to be able to run a successful business.

 

[Justin]

One of the primary reasons for businesses is that they were started with wrong idea or stale idea, YOu are doomed to fail when you work on a wrong idea or stale idea, the idea that has been tested multiple time

 

[GIFTMICHAEL]

Starting a business without plan, vision just to make money makes it hard for such business owner to take far in his or her business initiative.

 

[Shigobad20201]

Most people fail in their first start up business because they are not consistent in their day to day activities and most people gives up because the sales is not coming as expected, and some dont know any plan B .

 

[Alexandoy]

One of the primary reasons for businesses is that they were started with wrong idea or stale idea, YOu are doomed to fail when you work on a wrong idea or stale idea, the idea that has been tested multiple time

Maybe I can agree with the wrong idea because as you said the first step is already in the wrong direction which can only be changed if the business starter would be willing to listen to the advice and suggestions of the people close to him. But that rarely happens because when a start up is made there is no turning back.

 

[Justin]

Maybe I can agree with the wrong idea because as you said the first step is already in the wrong direction which can only be changed if the business starter would be willing to listen to the advice and suggestions of the people close to him. But that rarely happens because when a start up is made there is no turning back.

If you are doing the same business that has been done by hundreds of people how can you expect to succeed. Competition is one of the primarily causes of business failure.