Why do you think some business fail?

[Hena101]

I think many businesses failed because of lack of plan and then capital because when this two things are not handle proper business can easily failed.

 

[tray591]

I think many businesses failed because of lack of plan and then capital because when this two things are not handle proper business can easily failed.

Lack of planing is the first thing that causes set-back on business,proper planing prevent business from failure,poor management also causes business failure so in any business the management must have good foundation and the capital use in runing the business need to be handle with care profit can also be re-invested in the business to bring more profit

 

[Jlife]

Most times the causes of business failure can be traced to lack of proper location for a business, because this can be the main causes of business failure, location is very important for businesses.

 

[Skysaint]

When a business man neglects his duty to improve on his business, when he lacks proper money management, when he lacks good ways of making his business known to the public and so many more then his business is bound to collapse

 

[Richard92]

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.

Some business fail because they do not have plans and also backup plan with this day become confused when they are faced with challenges at the middle of the business.

 

[Ralphjoe]

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.

As far as I am concerned most businesses fail simply because the owners that started the business do not have a good knowledge of the business and how it is supposed to be properly run and so they just delve into the business with the little knowledge that they have of the business.

 

[Sotherefore]

When a business man neglects his duty to improve on his business, when he lacks proper money management, when he lacks good ways of making his business known to the public and so many more then his business is bound to collapse

Most people do not always decide to neglect their business because they have suffered to start up the business .in this case do you really think they can actually neglect what they have suffered to start just like ?

 

[Mayox25]

Poor management practices,poor record keeping,poor knowledge of the business, poor financial decisions lack of proper planning.

 

[FreshKaz11]

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.

I think some businesses failed because the place they open their business is not the right place to do such business; so the outcome of that kind of business won't be successful I guess.

 

[Josemendez]

Most times businesses fail because the business owner failed in his duties especially when it comes to carrying out the necessary plans that will help the business to survive .

 

[Dowenship]

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 .

Lol.... You just jam everything together and its like you probably have worked in an organisation that are responsible for all this list you mentioned...

 

[Thinker009]

Most business lacks good management , that would actually make the business grow and probably take it to acheiving the best ,I think this is one of the reason too

 

[Kelly5]

Most or some businesses do experience failure it a total closure as a result of the lack of seriousness in the part of the business owners. These people might also have put in all they think they can but still fail because of lack of the right knowledge about the business

 

[Melanie Marie]

Sometimes just not having a good product (or store) without enough sales to keep the business afloat.
Advertising is always so important, but if people aren’t interested in your product or have already bought it once and weren’t too impressed, you’re losing returning customers. This happens a lot in the restaurant biz as well.

 

[Robust]

Some businesses mostly fail because of lack of capital to make the business stand and also lack of patient to support the business to grow gradually.

 

[Dagm1]

Since they are actually certainly not been actually dealt with through proficient as well as qualified palms, as well as these palms in some cases quit at the small failing , Some companies stop working

 

[Jlife]

Some businesses mostly fail because of lack of capital to make the business stand and also lack of patient to support the business to grow gradually.

Even when there is lack of capital it is still possible for some business to fail because the owner of the business may not 've understand what it really means to manage the business.

 

[jeff87]

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.

Some of the business fail because the capital is eaten or used up. The secret to a business that never fails is not to touch the capital. That is the lesson I have learned from successful businesses. You can use or eat up the profit only but not the capital of the business.

 

[Filicit]

The main reason why businesses fail is because of funds to set up the business according to a study carried out by CAC which is in charge of registering new businesses

 

[Justin]

Lack of proper marketing strategy is one of the reasons for business failure. These days you need to spend more money in marketing than the money you actually spend on product.