Why do you think some business fail?

[Kunkun]

I think most businesses fail because the business owners might have failed to really evaluate what would be needed for success, lots of businesses fail and a few succeed, having a good business plan would go a long way too

 

[Heatman]

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 .

I also believe that lack of capital is another thing that can actually cause a business not to succeed because business actually runs on money and when the money is not available it is going to affect the Business survival.

 

[jay]

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.

When you fail to plan before you are starting your business you are already laid the foundation of your failure because there is nothing that is going to stop the business from crashing.

 

[Sotherefore]

In most cases it is always as a result of lack of proper management and sometimes it is also as a result of bad location because some people established most business where it is not needed.

 

[tray591]

In most cases it is always as a result of lack of proper management and sometimes it is also as a result of bad location because some people established most business where it is not needed.

Location is one of the dangerous thing ever, I think that if you want to start any business you must survey the location and know if the business you want to start will ever move some business fail because of bad location.planing is another thing which will prevent your business from failing

 

[Shigobad20201]

Lack of proper and adequate business planning is the main reason why most business fail, most enterpreneur jumps into business without doing the necessary research.

 

[Sotherefore]

Location is one of the dangerous thing ever, I think that if you want to start any business you must survey the location and know if the business you want to start will ever move some business fail because of bad location.planing is another thing which will prevent your business from failing

So you mean that business are not likely to experience failure when the location is perfect ? sometimes is always as a result of management because I believe those two things are very very important.

 

[Setho]

Some businesses are definitely going to fail because they did not employ the right strategies in order to ensure that they are going to get customers. This is one of the most important aspects of business for everybody.

 

[Sincerem]

There are so many reasons for this , a lot of people will always believe it to be lack of proper management yes this is true but sometimes bad customer service could lead a business to a complete failure. Sometimes inability to face competition

 

[Godspower]

There are so many reasons for this , a lot of people will always believe it to be lack of proper management yes this is true but sometimes bad customer service could lead a business to a complete failure. Sometimes inability to face competition

There are so many reasons a business can fail. Lack of capital, poor and unrealistic business plan, lack of advertising and competition can make a business to dwindle spectacularly.

 

[Partisan]

Some businesses fail due to lack of accountability, negligence and even laziness to mention but a few. Also bad customer service relationship and management can cause a particular business to fail.

 

[joy101]

Business fail because of so many reasons why business failed improper planning or not having full knowledge about that kind of business, can really make your business fell.

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.

Some business fail do to improper management and without being planned well, before going into business you need one need make proper planning on how manage the business as normal.

 

[Shigobad20201]

Most business fails because of lack of improper preparation before they finally venture into their respective business , taking for example a business Must have a good business plan .

 

[jordans]

Businesses come up short for numerous reasons. Need of arranging – Businesses fall flat since of the need of short-term and long-term arranging. Your arrange ought to incorporate where your trade will be within the following few months to the another few a long time. No vision Fruitful businesses proprietors have a clear vision of their reason and mission. No trade arrange Your trade arrange is your technique. It points of interest your commerce specialty and target advertise.

 

[Shigobad20201]

There are so many reasons a business can fail. Lack of capital, poor and unrealistic business plan, lack of advertising and competition can make a business to dwindle spectacularly.

Most business faiks due to lack of proper preparation which might lead to the organisation having problem in the future , business plan is very important because you need it for survival.

 

[tyrim88]

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.

There are various things that makes a business fail,especially the new start ups,one of them is not properlly understanding the market they are in,then the aspcet of managing finances and the managerial aspect of the business.

 

[Chibson]

one of the major reasons some businesses fail is lack of proper planning. Any business that is not properly planned is bound to fail on the long run. Lack of enough finance is also another factor

 

[Chibson]

There are various things that makes a business fail,especially the new start ups,one of them is not properlly understanding the market they are in,then the aspcet of managing finances and the managerial aspect of the business.

When a new business owner does not properly understand how the business operates it will probably collapse on the long-run. This is why I always recommend business mentorship.

 

[tyrim88]

When a new business owner does not properly understand how the business operates it will probably collapse on the long-run. This is why I always recommend business mentorship.

Mentorship is very important in any business venture especially for new start ups,because it will afford the owner the leverage of learning from someone that has been in the field before him.

 

[Chibson]

Mentorship is very important in any business venture especially for new start ups,because it will afford the owner the leverage of learning from someone that has been in the field before him.

Probably, the importance of mentorship in businesses cannot be underestimated. It is needed for you to acquire the necessary knowledge required to succeed in a business.