Why Small Businesses Don't Grow?

[Suba]

Although we often hear of successful entrepreneurs who started from opening small businesses, there are many more small businesses that do not grow and many small businesses close because they are unable to cover operational costs. So in your opinion, why do many small businesses not grow?

 

[Augusta]

Most times it is always from lack of funding. When you don't make sales to gain profit. Your business would quickly run down

 

[eLdavis]

There are actually various reasons as to why most small businesses do not grow, from lack of funding to poor management.

 

[Springtime]

I think lack of funding is the main reason. If the business is making a lot of profit and is well managed, there's a chance that the business will grow gradually.

 

[Starmix]

That small business might not be managed well to make it grow. The family members might rely only on what's displayed getting without paying, resulting to business failure.

 

[Min George]

Most small businesses are not beyond survival for the business owner and his family. And they don't intend to grow it once that purpose is achieved.

 

[Augusta]

Some small business owners do get tired of running the same business over and over again. So they close it up

 

[Kera]

The major reason why some small businesses don't grow is lack of leverage capital to expand the business.

 

[Kross]

Some small businesses can't grow because they can't define what makes them unique to drive patronage to itself.

 

[Stardom22]

Small businesses really don't have that capacity to grow exponentially because of limited resources for the business for that matter.

 

[Starmix]

There are many reasons why a business don't grow. Your location may not be strategic. You might have many competitors ahead of you. Your business might lack appeal to the people in the community.