Why do you think some business fail?

[Didosky]

Various business have their ups and down, some are profit oriented while some are non. Why do you think such business fail why others excel. Lets share our thoughts.

 

[joel1]

Poor and inadequate preparation,,too much delegation of funtions to be carried out by lazy and unproductive staff, lack of finance and financial ideas and lastly under rating consultancy services .

 

[Snazzy001]

Some businesses fail because they are not been handled by competent and capable hands, and these hands sometimes give up at the slight failure

 

[GIFTMICHAEL]

When it comes to business failure, it is inevitable fir those who doesn't want to learn from a mentor to understand the basic things around the business before starting it up.

 

[Bousine123]

Various business have their ups and down, some are profit oriented while some are non. Why do you think such business fail why others excel. Lets share our thoughts.

Poor management plays a big role in this. The management of a company or business can go a long way in developing or destroying a business. Trust me.

 

[delnovem]

Poor resource management, an inadequate business plan or the lack thereof,failure to track finances and ineffective marketing are probably the most common reasons that lead small businesses to failure.

 

[Hena101]

There are many reasons why many businesses failed but i think the most common among the reasons is lack of plan and capital.

 

[Dot]

When the owner begins to lose motivation and starts on another startup... you have the potential just don't stop there. I think that is the biggest failure in business.

 

[Richard92]

When the owner begins to lose motivation and starts on another startup... you have the potential just don't stop there. I think that is the biggest failure in business.

Some businesses fail because they did not have good plan and start up a starter for a business is very important and I plan on starting a business, setting strategy of business are to be put into consideration.

 

[Kane]

There are various reasons for business failure and some of them are: selling wrong products, selling products to the wrong people, selling same products that a lot of businesses are already selling, etc. High running cost and over staffing can also cause business failure.

 

[eLdavis]

there are various reasons why most business fail. one of the most common one is poor management skills. most business owners today lack good management skills, there are not able to manage the capital that comes in, they spend money on things that are not important at the moment, such as remodeling of the shop, when what is needed at that moment is to restock or to invest in attracting more customers. Humans can also be considered as an asset that needs to be managed when it comes to business. Some business owners do not know how to take care of their customers, hence they end up loosing them

 

[Yusuf1]

This depend on a whole number of factors. In some cases it might be environmental factor, in some cases it might be lack of expansion or inadequate resources that make the Business to fail or meet up to expectations

 

[Richard92]

This depend on a whole number of factors. In some cases it might be environmental factor, in some cases it might be lack of expansion or inadequate resources that make the Business to fail or meet up to expectations

The reason why some businesses fail is lack of putting some kind of plan in place and most business do not have backup plan so when the original plan fails to business fails.

 

[Razor1911]

The reason why some businesses fail is lack of putting some kind of plan in place and most business do not have backup plan so when the original plan fails to business fails.

I have also seen some businesses which having proper plan also fails in last. Having plan is not enough, execution is equally important. Also the capital is required according to the market situation. A successful business is combination of all these things.

 

[Nurudeen]

Businesses fail due to different reasons. Some business fail due to bad government policies while some fails due to lack of resource. However, one just need to prepare very well before venturing into one

 

[Jlife]

There are various reasons for business failure and some of them are: selling wrong products, selling products to the wrong people, selling same products that a lot of businesses are already selling, etc. High running cost and over staffing can also cause business failure.

Lolz, most business fail because selling of wrong products will make customers to abandon them ,in this case we are only advised to sell the best quality products to people that we are interested for them to petronize us.

 

[Alexandoy]

There are so many reasons for a business to succeed and likewise a myriad of reasons for a business to fail. The most common reason to fail is mismanagement which means the manager or business owner doesn't really know how to handle a business operation.

 

[Suba]

Why do you think some business files?
Many factors can cause a business to fail both externally and internally. External factors can arise from the state of a country such as war, or natural disasters, while internal factors will arise from within the business itself, such as a shortage of working capital so that it cannot meet operational costs as a result of slow capital turnover, businessmen do not understand the prices of products and services. , poor planning, afraid to take risks, hasty in making decisions, not confident and easy to give up.

 

[Setho]

A lot of businesses I have seen field because they wanted to go around the corner. I see business owner it is always important that you try to avoid any form of embarrassment from the law.

 

[tyrim88]

There are a lot of reason busineses fail.when a person did not carry out proper research about the business terrian and know about the nature of the business,When he/she do not understand his competitors very well,and when he lacks the administrative acumen to manage operational process,lack of financial discipline,and adequate planning for furture expansion and evevtualities.