What Are the Reasons For Your Business Failure?

[Nomad]

Business failure can happen for many reasons. One of the main reasons is due to poor product. When your product lack quality or usability, it will not sell, hence your business will fail. Lack of effective marketing is another reason why a business might fail. Sometimes mismanagement and inefficient team members, or insufficient effort in research and development also cause failure. Did you also fail your business, what were your reasons?

 

[eLdavis]

For me i started my business with very little experience, majority of the things i did was just simply trail by error. I am still learning though.