What's cause a business failure

[Aragon05]

The main reason for a business failure is the absence of customers demand for the product or service offered by the business or company the misunderstanding or misjudgements of customers needs can lead to this also the mismanagement or finance in business can also contribute such as over spending abnormal budgeting also inadequate fund to start up the business can lead to it's failure

 

[eLdavis]

There are so many reasons or things that would cause a business to fail, some of this could include lack of proper planning or bad management, or even lack of funds to run the business.

 

[Kirubel]

There are a lots of things that will make a business to fail and some of them are not having sufficient financial aid and financial support, and also not having a proper knowledge and also not having proper skill to run the business that we started, not giving proper time for the business and if we have another job then the business will fail.

 

[eLdavis]

Reduced demand for a product or service can lead to business losses. Earlier people would increase the traffic to their websites, now everyone is using social media , so the demand for link building services has reduced.

This happened to someone i know. He started a fish selling business. He was into BBQ fish but as time went up people started buying meat and other things more. Over time he went out of business.

 

[Suba]

There are many reasons that can cause your business to fail, such as lack of capital so you cannot operate your business smoothly, the quality of the products you sell is not of good quality so there are no interested buyers, mismanagement, etc.

 

[Goldynn89]

Each business will have its own challenges that will make it fail, even in the same niche and environment with other competition. Understanding what works for your business will be best instead of taking generic advice.

 

[Suba]

Often business failure can also be caused by business people who are less enthusiastic, because the desire for business does not come from the heart or one's own will but the desire of parents who must continue the family business struggle.

 

[Stardom22]

There are so many reasons as to why the businesses may fail. The common reasons being lack of business funding, poor decision making skills and the inadequate marketing for the businesses.

 

[Augusta]

Failure of a business comes from.different things . It includes mismanagement, lack of resources, bankruptcy, bad location etc.

 

[Springtime]

There are many reasons for a business failure, including external and internal factors. External factor is poor economy which leads to low demand for consumption. Internal factors are poor management and marketing.

 

[King Belieal]

Businesses internally fail mostly because of poor feasibility study by the people that started the business.

 

[Starmix]

A business that sinks to the ground was not fully planned by the business owner. It might lack good products and services, insufficient capital or allowing creditors who never pay.

 

[Nomad]

Lack of knowledge and skill, lack of good team, lack of marketing budget are some of the reasons why a business can fail

 

[Starmix]

There are numerous reasons why a business failed. One thing for sure , lacking knowledge , skills, patience and capital are drives to get failed in business.