Why does a well developed business fail?

[cherry123]

Sure, some business Fails because of bad execution of the idas. one thing is for one to have a great business idea but another is to be able to execute it.

 

[eldavis]

Most well developed business still fail simply because they tend to become too confident in their dealings. They no longer offer quality service to all their customers simply because they believe they have others, so loosing one would not affect them.

 

[Smalto]

A well-developed firm might fail for a multitude of reasons. The most typical causes of company failure include a lack of preparation, insufficient funding, poor management, poor financial decisions, a lack of market awareness, and a lack of focus.


Lack of Planning: Many businesses fail as a result of a lack of planning. Making the proper judgments and setting realistic goals may be tough without a well-thought-out company strategy.


Inadequate Funds: A firm must have enough capital to survive. It is difficult to pay bills, hire personnel, and acquire critical supplies when there is insufficient funds.

You have stated very valid points which hold true, but in addition we should not also forget the government policy, because a nation's governmental policy can mar or make a business to thrive, and also economy of the country can decide if a business or venture will see the light of the day.

 

[Stardom22]

It's evidently that most businesses fail because of the poor planning, coordinating, controlling and the execution of the decisions making processes on the business. This is however caused by the fact of starting business that you nothing about.

 

[Bisolami]

A well-developed firm might fail for a multitude of reasons. The most typical causes of company failure include a lack of preparation, insufficient funding, poor management, poor financial decisions, a lack of market awareness, and a lack of focus.


Lack of Planning: Many businesses fail as a result of a lack of planning. Making the proper judgments and setting realistic goals may be tough without a well-thought-out company strategy.


Inadequate Funds: A firm must have enough capital to survive. It is difficult to pay bills, hire personnel, and acquire critical supplies when there is insufficient funds.

Anything can actually happen. It may be embezzlement of funds. It may be lack of good management. It could be anything as long as people are involved. And it can happen to big or small companies

 

[AruneBend]

Who knows there can be many many reasons even if the business have very interesting idea and good management it can still fail that's why most people are scared to strat business

 

[eldavis]

Anything can actually happen. It may be embezzlement of funds. It may be lack of good management. It could be anything as long as people are involved. And it can happen to big or small companies

That's right, you could make all the preparations in the world for your business, if there is poor management, it would look like you did nothing. Having the wrong employees could also affect the business in a very negative way as well.

 

[Bisolami]

That's right, you could make all the preparations in the world for your business, if there is poor management, it would look like you did nothing. Having the wrong employees could also affect the business in a very negative way as well.

Some people know how to learn the business very well and they knew the things that will make it grow but they don't know how to manage the business in a way that it will last for a long time

 

[Blessed19]

There are times that some unforseen circumstances come into play and get to disrupt the growth of a very good business that started in a very good note and it is something that one can not control.

 

[AruneBend]

there can be a lot of reasons truly even if the bussiness have great ideas and more it can still fail that's why a lot of peaple scared to start bussiness

 

[Starmix]

It could possibly happen if the business owner was so relaxed, and never do inventories and innovations to check which products are sellable or not. There should proper checking of the flow of the business.He might have overspent and failed to realize it.

 

[eldavis]

Some people know how to learn the business very well and they knew the things that will make it grow but they don't know how to manage the business in a way that it will last for a long time

Yes that's true, i have seen cases like this before. In terms of capital and resources they have it, but the business still ended up failing cause they lack the proper management to sort out everything in the business in the long run.

 

[Desireu30b]

A well-developed firm might fail for a multitude of reasons. The most typical causes of company failure include a lack of preparation, insufficient funding, poor management, poor financial decisions, a lack of market awareness, and a lack of focus.


Lack of Planning: Many businesses fail as a result of a lack of planning. Making the proper judgments and setting realistic goals may be tough without a well-thought-out company strategy.


Inadequate Funds: A firm must have enough capital to survive. It is difficult to pay bills, hire personnel, and acquire critical supplies when there is insufficient funds.

It can fail due to many reasons,
1. Insufficient planning
2. Poor directing
3. Inability to control
4. Co-ordinating problems
5 not having capable workers
And more

 

[Bisolami]

Yes that's true, i have seen cases like this before. In terms of capital and resources they have it, but the business still ended up failing cause they lack the proper management to sort out everything in the business in the long run.

We always say that the owner of the busienss can just employ someone who will help him run it even though he does not know anything about it but I believe the person still needs to have a knowledge of the business

 

[Smalto]

That a business is well developed doesn't mean it is not bound to fail if the proper things are not adequately put in place to cushion the effect of huge failure or potential loss, so a business should continually follow the right templates In order to avoid possible failure.

 

[Starmix]

It happens naturally without so many expectations like those giant businesses like Walmart. The reasons are varied, poor economic turnover, poor management, abuse of power using the money for personal gains, and more.

 

[AruneBend]

It could possibly happen if the business owner was so relaxed, and never do inventories and innovations to check which products are sellable or not. There should proper checking of the flow of the business.He might have overspent and failed to realize it.

True the bussness owner should work even if the bussness seems to be successful the person need to take time wich products sell good and wich not and change someting

 

[Starmix]

True the bussness owner should work even if the bussness seems to be successful the person need to take time wich products sell good and wich not and change someting

The business owner must see to it that his stocks are always available to customers because if not, he may wake up one day his customers are getting fewer. Monitoring is a must to avoid a failing business.

 

[Niyi Briggs]

When a well developed business managed by a very good team fails, it is due to unfavorable government policies.

 

[King Belieal]

A well developed business can fail if there is a sudden change of management and the new one is not competent.