About from lack of focus ,there are a lot of other things that can make a business to fall example of such thing could be a bad location. there are a lot of things to consider when you are starting a business especially more than business.
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Lack of focus would be one of the causes of failed businesses. Other causes would be :Having studied how over 60% of startups failed, I noticed series of trends that eventually lead to their early closure. The one that baffled me the most is the major impact it has in early closure on some promising businesses.
What other things could lead to early closure of Newly established businesses?
That is very true. Planning is the best thing in business. It is through plans that you will start concentrating only on the most important tasks in business. That way, you don't waste you time or money on unimportant things, which happens when you lack focus.Most of the businesses fail due to the inability to plan . Planning before starting up a business would bring about focus. It would help you concentrate better and makes it lots easier to work. When you do things the way they come, you would losses guards and this could make the business very frustrating.
Having studied how over 60% of startups failed, I noticed series of trends that eventually lead to their early closure. The one that baffled me the most is the major impact it has in early closure on some promising businesses.
What other things could lead to early closure of Newly established businesses?
Based on your personal opinion, what other factors do you think affects most new business startups and between Capital and focus, which of them has a major influence in the failure and success of the business.Lack of focus isn't the main reason why most startup businesses fail. It is true that one needs to be focused to succeed in a business but a business can also fail due to othe factors.
That is a cause of most business failure,but it is not only lack of focus that ca lead to a business failure,lack of adequate planning and undrstanding the terrian very well is also another factor.Yes, it can be a cause of failure. Because every startup needs focus. There can be some other reasons too like funding, appropriate environment etc.
But if you done all things and doesn't focus, then it will definitely leads you to failure
Laziness, lack of dedication to work also affects most new business startupsBased on your personal opinion, what other factors do you think affects most new business startups and between Capital and focus, which of them has a major influence in the failure and success of the business.