Top reasons you failed at a business

[cherry123]

Yes, that's right. I believe that the key is mainly money for every business you are going to start.

Sure they are businesses that will do well with capital. if you have the capital to run a business you would do it better

 

[LoukiaCharilaou]

Sure they are businesses that will do well with capital. if you have the capital to run a business you would do it better

I agree with you. Money makes the world go round.

 

[cherry123]

I agree with you. Money makes the world go round.

Without money you can strive perfectly with a business. it is good to Always have funds to run a business

 

[LoukiaCharilaou]

Without money you can strive perfectly with a business. it is good to Always have funds to run a business

Yes, it is important to have the funds first and then start a business.

 

[cherry123]

Yes, it is important to have the funds first and then start a business.

This is one area that people fail in it. When you don't have the right funds to finance a business it might just die a natural dead.

 

[Ebutech]

You would fail and is failing at your business is because you are not coordinating your business well you have very Poor cash flow management. This makes you to lose control of the finances. You have a bad planning and weak leadership. Add yours

Taking things for granted, not seperating pleasure from business, lack of keeping proper documentation could lead to failure in business.

 

[Shavkat]

In all the businesses in this world, mismanagement is the common causative factor that makes them failed in this field.

 

[Passiveearner]

I think that not being consistent is one of the main reasons why many people usually fail. People must understand the importance of consistency.

 

[LoukiaCharilaou]

This is one area that people fail in it. When you don't have the right funds to finance a business it might just die a natural dead.

Correct. For this reason, we must make sure that we have the funds and then we start our business. In this way, we can succeed.

 

[IB D]

Poor planning and weak leadership would kill a business faster than anything else. When you don't plan effectively, you put your business in a dangerous position. It is important to Always make plans ahead for our businesses

 

[Bisolami]

You would fail and is failing at your business is because you are not coordinating your business well you have very Poor cash flow management. This makes you to lose control of the finances. You have a bad planning and weak leadership. Add yours

The reason I failed a business is that I did not plan well and I rushed into running the business.

 

[astutimeliana723]

The cause of the failure of a business is due to accounts receivable that are difficult to collect. Causing a lack of capital for business operational costs, profits that are too small are also often the reason for business failure.

 

[SHAHID987]

When we start business we should not use it's selling amount for personal use, once we started doing this my experience tell me that we started moving towards failure. Business profit (up to some percentage) can be use but the money which remain in circulating should not be use personally.

 

[cherry123]

The first top reason I know here is that people just ho into business without planning you need to start planning for the business you want to go into before execution

 

[Niyi Briggs]

One thing all these small business owners fail at woefully is proper record keeping and this is one of the major contributors to the failures of their businesses. A good record keeping routine is essential for businesses.

 

[cherry123]

Things would always go wrong for a business that the person running it is sn amateur. if you are just starting out it is good to do some consultation before going ahead.

 

[Reedex]

Poor Financial Management is the reason why most of the people fail in their businesses

 

[cherry123]

The cause of the failure of a business might be due to credit sales this can crash a business very fast with this they might be lack of profits to run the business

 

[Heatman]

You would fail and is failing at your business is because you are not coordinating your business well you have very Poor cash flow management. This makes you to lose control of the finances. You have a bad planning and weak leadership. Add yours

This is why it is very necessary for you to have a financial accountant because their duty is very vital when it comes to managing the financial aspect of the company.

 

[IB D]

Business failure may be due to products not meeting with customer needs; poor customer service and poor financial management.

One guy in my area closed his phone accessories business because the phone chargers he sold would blow up in two days. Everyone avoided buying anything from him and his business died a natural death.