What are the main causes for small businesses failure in your vicinity?

[Stardom22]

Most small businesses are very simple to start. In the sense that they require small amounts of capital and the ease of start, most of them fail three years after the launching. What do you think?

 

[Augusta]

Plans based on unrealistic assumptions, inadequate market research or flawed financial forecasts have caused many businesses to fail.

 

[Starmix]

So far, small businesses here in my place are still thriving. This indicates that the business owners know how to manage their business with care.

 

[eLdavis]

Till date, the main cause of small businesses failing still remains the issue of capital. They lack the capital to run and manage the business.

 

[Springtime]

Lack of capital is usually the main cause of failure of small businesses.

 

[Min George]

I think most small businesses in my immediate location that failed didn't do proper feasibility and that is why they all failed.

 

[kit_hung]

Yes. Failure to conduct proper market analyses isa bound to lead to the collapse of a business, small or big.

 

[wisdom01]

lack of capital Seeing neighbors struggle it's often just running out of cash too fast

Post automatically merged: Dec 30, 2025

most small business suffers from lack of capital and poor management,to the extent some even go bankrupt trying to make necessary build up and adjustment when necessary

 

[Fire&Rain]

Starting small is not the issue. Staying consistent is. Many small businesses fail because they treat it like a short term experiment instead of a long term commitment. When challenges hit, they panic, change direction too often, or give up too early. Survival usually comes down to patience, learning, and steady execution.

 

[kit_hung]

Without consistency, no fruits, because biz requires a heart of steel and a lot of patience so that you can overcome the first waves . start reaping rich profits after enough sweat.