Why do you think some business fail?

[Shaffy]

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.

Many reasons. It could just be luck sometimes. It could be that it was a bad business idea or it had poor execution. Sometimes having aggressive competition is the reason for a business's downfall.

Finding out why your business is struggling is important if you ever want to succeed.

 

[Joseph555]

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.

 

[Mighty]

I strongly believe that when it comes to business failure, it is inevitable for those who doesn't want to learn from a mentor to understand the basic things around the business before starting it up.and even getting anything

 

[nana kwasi1]

Some businesses fail because they did not have good plan and start up a starter for a business is very important to plan a business, very well and have good setting strategy of businesS that will be taken into consideration.

 

[Sotherefore]

Sometimes you can never tell because there are many reasons why most business are not succeeding. It could be because of bad location, improper organisation of business or as a result of bad employees and some other things.

 

[Eli342]

Insufficient preparation Planning is the most crucial step in starting a business, even though there are other elements that could contribute to business failures.

 

[Connor909]

There are many reasons why some businesses fail, including a lack of capital or funding, the retention of a poor management team, a flawed infrastructure or business model, ineffective leadership, a lack of long-lasting value, a failure to comprehend the target market, a lack of transparency, reliance on a single customer, complacency, a failure to prioritize sustainability, a failure to put customers first, a failure to relentlessly innovate, and a failure to consider novel ways to conduct business.

 

[Kane]

A lot of businesses fail and very few businesses can actually survive. The primary reason for business failure is the owner has not done enough research on the product and the market.