Do you remember what made you fail on your first business ever started?

[Stardom22]

For me l tried out the business venture by starting a grocery store in my village. The business thrived in the first couple of months and then it collapsed. l then tried out once more and another trial too but l still lost.
For me the problem was that l had never got a strategic location that has the availability of the sufficient market for the business.
What about you? What made your start up fail?

 

[Augusta]

Lack of good management didn't allow my first business fly. I learned my lesson though that it is good to focus and run your dream to succeed

 

[magnus2022]

Fund starved my businessman. if i have enough fund, i will simply relocate to more strategic location. Therefore, from experience, my first business failed because of fund and lack of strategic location.

 

[SHAHID987]

I made a mistake in my first business which I remember still. I open my bookstore business in entirely illiterate area. People around there very not interested in studies. They were mason and other silimar type people.

 

[eLdavis]

My current business is the first business I ever started, though I have made lots of mistakes, and may probably make more in the future, but I am learning from the ones I have made so far.

 

[Augusta]

Fund starved my businessman. if i have enough fund, i will simply relocate to more strategic location. Therefore, from experience, my first business failed because of fund and lack of strategic location.

Nothing kills a business faster than lack of funds. Funding is needed st the start of a business and intermittently too to run it to succeess

 

[Fidelia]

The thing that made me fail in the very first business I ever started was the fact that I didn't do a proper market survey. I just followed e books that there is market. I couldn't find who to buy at the end.

 

[Augusta]

When you don't have customers for your business. it would die a natural death. So a business always need customers

 

[King Belieal]

The first business that I ever stated was my poultry business. I failed the first time and it was because of the lack if adequate knowledge to optimize production.

 

[Augusta]

This is why it is good to always carry out a feasibility study before you start any business