Why do you think some business fail?

[Good-Person]

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.

Mentorship could be important, but I have seen that there are many people who usually use experience in order to succeed. They become their own mentors by the passage of time.

 

[Maxi]

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.

If you don't do enough research on the business you want to go into, it always ends baldy for the business. You must know the business Strength, Weakness, Opportunity, and Threats. If you don't have those information, it will be difficult to run the business.

 

[Chibson]

Mentorship could be important, but I have seen that there are many people who usually use experience in order to succeed. They become their own mentors by the passage of time.

That's true but it depends on the individual. There are people who will find it very difficult to succeed in any business venture if they do not go through mentorship.

 

[Chibson]

If you don't do enough research on the business you want to go into, it always ends baldy for the business. You must know the business Strength, Weakness, Opportunity, and Threats. If you don't have those information, it will be difficult to run the business.

Probably, having concise information of any business you are going into is very important and necessary if you really want to become successful on it. This is one of the major mistakes some people make and they end up not being successful.

 

[tyrim88]

There are many things among other things why most busineses fail,not understanding the market you are going into and the needs of the customers,can make one to be lost in what he think he should be offering.

 

[Shigobad20201]

Doing the neccesary research and trying to know the possible problems the business can have in the future and having solution for the future problems I ine of the best way to avoid possible problem .

 

[Immilash1]

I think if you don't have a plan your business will definitely fail, most business nowadays fails because they don't plan, planning is the first step you need to take before starting up a business of any kind.

 

[Treborika]

For me I think there are many reasons that can lead to the fall of the business.
Most businesses fall when it no longer makes profits to pay its cost. For instance when the business goes to a bankruptcy state.

 

[Imran_Noori]

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.

It is about the difference between business owners' ideas, some business owners never give up and have a vision for their future but some lose hope quickly.

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

Definetly, the leading of a business is much more important than business itself, you can many people with great ideas cannot improve that is because of their mindset.

 

[Lynaia]

Some people don't even create time to know much about the business very well before getting into it. And you should also know that most things are very hard to do at the beginning, don't expect things to be easy for you

 

[Immilash1]

Some people don't even create time to know much about the business very well before getting into it. And you should also know that most things are very hard to do at the beginning, don't expect things to be easy for you

That's true, when starting anything for the very first times it really gets hard, but if you keep moving you'll definitely see food results, giving up is not a good option.

 

[Ronald]

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 several reason why businesses fail. One of the most prevalent is the non-existence of a business plan which spells out the goals and objectives of the business. Sometimes, when the manager is unsure what direction to take the business in, reading the business plan can lead to brainstorming an innovative idea

 

[GIFTMICHAEL]

There are many reasons. So many businesses are not succeeding because of bad location , sometimes it could be the manager's fault. Reasons for business failures are too numerous to mention.

 

[Genie011]

I think if you don't have a plan your business will definitely fail, most business nowadays fails because they don't plan, planning is the first step you need to take before starting up a business of any kind.

That's the truth, alot of business failures is largely due to inadequate or lack of proper planning. Without having a proper plan it would be difficult to arrive at success.

 

[UsmanAmoyo]

That's the truth, alot of business failures is largely due to inadequate or lack of proper planning. Without having a proper plan it would be difficult to arrive at success.

You are absolutely on point, the importance of having goals cannot be overemphasized.
It keeps one in check and would serve as a motivation in the middle of challenges.

 

[frederick_9]

Inadequate planning, an overabundance of tasks assigned to staff members who are unmotivated and unproductive, a lack of funding and financial concepts, and finally, underrated consulting services.

 

[Immilash1]

That's the truth, alot of business failures is largely due to inadequate or lack of proper planning. Without having a proper plan it would be difficult to arrive at success.

That's just the truth, if you don't have a plan you'll only me wasting your time because you won't earn anything tangible, you might even lose what you have.

 

[Smiles20]

Some businesses usually fail because they do not make informed decisions. It is not just enough that you should jump into conclusion but you should have a reason why you are doing something.

 

[Genie011]

That's just the truth, if you don't have a plan you'll only me wasting your time because you won't earn anything tangible, you might even lose what you have.

It is very easy in trading and that can be emotional deranging because sometimes you would be in deep profits that would result into losses because of the lack of target.

 

[Shigobad20201]

Some businesses usually fail because they do not make informed decisions. It is not just enough that you should jump into conclusion but you should have a reason why you are doing something.

some of the business normally failed because they did not prepare well for the business before they start the business , you need a good business plan for your business to work out .