Why do you think some business fail?

[Richard92]

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.

I think you're busy or so because I don't have good plans you must have a back-up plan, will do is your business Will survive and move to the next state.

 

[Alexandoy]

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.

Using the Internet for your marketing work makes it easier and cheaper to promote the business. That can avoid failure in lack of marketing as long as you know proper advertising techniques.

 

[Hena101]

Some businesses failed because the owners of the business don't have experience about the business and they are not willing to learn from other people.

 

[Ceeny007]

Could be due to bad leadership, lack of finance, horrible human resource management, mixing business with pleasure, mismanagement of funds, political unrest, geographical factors, natural disasters etc

 

[Buba]

Write your reply...why do you think some business fail yes some business fail because some reason due to their own problem.

 

[Ghost1]

We all know several factors that could result in failed business but sometimes a business fails cause it was fated to. Through back when we used to have kiosk where u make calls and pay. Now everyone owns phones and such business is no more

 

[Sotherefore]

There are a lot of reason why some business fail but some of this reason could be as a result of their own mistakes and sometimes it could be a natural disaster they do not have control over, in all the same we should always try to play our part

We all know several factors that could result in failed business but sometimes a business fails cause it was fated to. Through back when we used to have kiosk where u make calls and pay. Now everyone owns phones and such business is no more

 

[skyliequiz]

Firms can collapse due to recessions, high taxes, high interest rates, excessive regulations, poor management decisions, insufficient marketing, inability to compete with other comparable businesses, or a lack of public interest in the company's services.

 

[Sisinsefi]

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.

Little or no preparation before going into the business. Before one starts a business one must read some literature on what he or she wants to go into...or have an experience regarding the business.
The Igbos in the Eastern part of Nigeria do not fail in businessess because they serve others who are into such business and by the time they Start theirs, you see them flourishing because they gathered so much experience and ideas regarding the business.
Inadequate market survey can also cause a new business to fail.

 

[tyrim88]

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.

Customers are one of the livewire of any business,and any business entreprenuer that does not know how to strategise to get customers will run into low patronage which will affect the business.

 

[Essy]

One reason why a business would fail is because the business was only after profit so the owners just wanted to start and make profit not knowing business has several challenges which often discourages them

 

[Stnicholaz]

They various reasons why business fails and it is mostly centre on poor management. For new startup the main reason why some fail is lack of knowledge and skills to run the business.

 

[Toyoabasi]

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 planning...that is the main reason some businesses fail.
The planning is the foundation of every business, if not made properly, it will surely affect the business one day.

 

[Kaffyfolla]

Lack of proper planning May be the causes of business failures, athough there some factors that can cause that but planning is the most very important before you start business

 

[Laurentta]

There are alot of reasons businesses fail, for instance, poor mananagement, inadequate funds to manage the business, careless attitude of employees

 

[greenie]

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.

 

[Kvngsammy]

One reason I think most businesses fail is that they don't know how to scale properly. Once they begin to experience a little successes, they don't know how to effectively take things up a notch.

 

[Heatman]

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.

Failure is something that is very common with business is because there will always be mistakes here and there but being able to learn from your mistake is what makes it very better and interesting.

 

[Grandeur]

There are many reasons why a business may fail it may be because of funding, location of the business or environment, government policies, human personnel resource etc

 

[jay]

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.

Poor resources management is actually a very big challenge when it comes to the reason why some businesses fail because when you have few resources to use for your business and you miss managing the business will always fail.