What is responsible for the failure of most businesses?

[Reedex]

There are so many things responsible for the failures of many businesses and we cannot dispute the fact that there are so many companies who have failed and have liquidated due to one or two things. A typical example of a factor that could make a business fail is mismanagement.

 

[timewo]

Lack of orders and sales is a major problem for a large number of business especially home based businesses without walk in customers. Large companies are stealing all the correspondence for the business including orders.

 

[Raja]

Management is the most crucial thing which is most important for a business and mismanagement can certainly push businesses towards liquidation and this is why the owner should be able to handle all operations to save it's company from liquidation.

 

[Shavkat]

There are many factors why a business turned to be a failure. One thing is for sure, mismanagement is one of the causative factors.

 

[Springtime]

Expanding too quickly, products/services not updated to meet with customers' needs, and mismanagement are some factors leading to a business' failure.

 

[Niyi Briggs]

I believe that lack of proper planning is the major factor that leads to business failure. A business that would be successful is always built on a solid and robust plan

 

[Johnson2468]

There are a lot of things that can result into failure in business even well-managed businesses can fail due to circumstances beyond their control, but good planning, financial management and execution can increase the chances of success.

 

[flower]

It is very correct that poor management is one of the major cause of business liquidation.

 

[uptrendfinancialsignal]

The failure of each and every business is is as a result of mismanagement.

 

[Bisolami]

There are so many things responsible for the failures of many businesses and we cannot dispute the fact that there are so many companies who have failed and have liquidated due to one or two things. A typical example of a factor that could make a business fail is mismanagement.

I think the major thing that causes failure in a business is that some people do not know how to go about the business that they claim to do

 

[eldavis]

A business may fail due to so many reasons. Some of these reasons could be due to lack of proper management or due to lack of poor management. Other reasons could also include lack of business plan.

 

[LoukiaCharilaou]

There are several reasons which can lead a business to failures like mismanagement, lack of capital and bad customer service.

 

[Bisolami]

A business may fail due to so many reasons. Some of these reasons could be due to lack of proper management or due to lack of poor management. Other reasons could also include lack of business plan.

Poor management is one of the ways on which you can kill a business very fast. It is very bad for a business to have a poor management.