What makes some people fail in their business start up prematurely??

[Yaqoob Habib]

The major reason why people fail in their business from the start is lack of planning and strategy. If as a new business owner the business owner doesn't have any strategy the business is as good as dead because a lot of competition are already in the market and lack of strategy can fail the business

Most common reason lack of planing-Business fail because of the short-term and long-term planing.other reason is Leadership failure-business fail because of poor leadership.The leadership must be able to make the right decisions most of the time.

 

[Samuel77]

According to my own point of view, I believe all business need time and devotion. You need to have much time for your business. And also good manager that can be trusted, many people fail because they don't have much time for their business. Or lack of good manager.

 

[Oluwole]

People fail in their business because they fail to plan, good plan makes business stand out, most business owner don't have good management skills, some businessman used to spend their capital on ceremony.

 

[GoldenLady]

Its never easy driving a business towards it's potential height. Some people face challenges at some point, and couldn't continue on the right path towards their business goal attainment. And that led to their abrupt end, cos they couldn't resolve the challenges they faced during their early business start ups.

What are those challenges that hinders a business reaching its dream??

In my journey doing business, both online and offline, I've come to value experience over anything else.

Once you lack this, and you don't have someone to guide you, it's easy to get lost.

With experience, you can overcome challenges in almost every business with ease.

 

[Sincerem]

In my journey doing business, both online and offline, I've come to value experience over anything else.

Once you lack this, and you don't have someone to guide you, it's easy to get lost.

With experience, you can overcome challenges in almost every business with ease.

Okay, without anyone's guide during early business administration it will be hard for such entrepreneur to be successful. He or she needs useful business tips from expert to run his or her business in the perfect way to yield profit over time.

 

[Ibrahim]

As for me what makes majority reasons of people why people fail in their business start up prematurely because they don't have plans and never have goals nor have determination also doesn't have the strategy for there businesses nor think of competition

 

[Kingsley]

They lack experience and they didn't take time out to learn more about the line of trade they want to go into. Then most times it has a lot to do with poor planning and weak implementation of plans. They may have have started with too little capital that is not enough to fund the business and ran into debts and borrowings. And finally bankruptcy

 

[Olubayo12]

Its never easy driving a business towards it's potential height. Some people face challenges at some point, and couldn't continue on the right path towards their business goal attainment. And that led to their abrupt end, cos they couldn't resolve the challenges they faced during their early business start ups.

What are those challenges that hinders a business reaching its dream??

Lack of courage makes alot of people to fail in their business and I have also come to realize that overconfidence can kill someone in any line of business as well, in fact, this kills faster than lack of confidence. What you are supposed to prepare for, kindly prepare for it.

 

[Sincerem]

Lack of courage makes alot of people to fail in their business and I have also come to realize that overconfidence can kill someone in any line of business as well, in fact, this kills faster than lack of confidence. What you are supposed to prepare for, kindly prepare for it.

We know that anything that is deem excessive isn't the right one st all. We don't suppose to over do things when it comes to our respective business careers. We should follow guidelines and come up with the best idea to drive our business.

 

[Asad Masood]

Lack of interest and lack of money to start that business . actually they not know the base of that business so they failed in succession of that business .in most cases they all the apertunties but lack of interest make that business dull so they not received to gaol.

 

[Halexcity]

Although in business profit and loss are bound to happen. Even to a professional. What makes a business to fall prematurely is spending more than what is coming in as profit and also doing much than what the business is capable of. For example trying to do what 10 years in experience company can do.

 

[Johnbami]

Lack of what I call proper management policies or allow me say plan. When there is nothing like a good business plan or whatever when starting the business what happens is the business would end up dying prematurely

 

[MizzLala]

Some businesses fail for a myriad of reasons; the list is inexhaustible! But for one, some people fail due to lack of planning, passion and the required knowledge and understanding of the space within which they operate. Sometimes these problems are further compounded by the fact that they may also have failed to do a thorough job of doing market research to ascertain if there is indeed a gap in the market for what they offer and exactly how viable their business is.

 

[Kiwi]

Every business comes with one challenge or the other but consistency can take you far in business. Business is not just about interest and money but it's more of understanding the key principles. People lose concentration based on short comings at some point in their business career. Laziness and been erratic is another cause of business failure.

 

[Sincerem]

Lack of interest and lack of money to start that business . actually they not know the base of that business so they failed in succession of that business .in most cases they all the apertunties but lack of interest make that business dull so they not received to gaol.

That's another point that made a business to fail premature and unable to go again. Lack of interest and cash flow to run the business the best possible way have hindered a business progress and made it to dwindle.

 

[marky]

networks and converse with them genuinely since they don't have TV or radio, present yourself, show them and discussion about your item and afterward reveal to them how your item can help tackle a portion of their issues.
This is the best method to publicize on rustic territories.

 

[Raymohney]

Most businesses that fail to put necessary measure tend to fail but sometimes it's inevitable that there will be unforeseen circumstances which will come up so company needs to plan smart.

 

[Atiqurrehman]

Failure to market online. In an age where "Google" is a function, if you're not marketing online, you're not selling as much as you could. ...

Failed to listen to your users. ...

Failure to take advantage of future development. ...

Failure to adapt (and grow) when the market changes. ...

Failure to track and measure your marketing efforts.

 

[Youngdee]

Once a business is started there are little challenges faced and most of theses challenges causes one to fear and want to back out of such business or close down. Factors that affect a business prematurely includes: 1. Doubts. The moment you don’t believe in yourself, you will never tap into your maximum potential to reach for what you want and this can be the beginning of failure in such business. The second point I will give is lack of commitment towards your goal. Successful people are people who put 100% into what they do.

 

[Godleads1]

Some people fail prematurely in business because of poor decision making. The ability to make decisions are paramount in business to the success of the business. This coupled with their inability make judicious use of the profit of the business is another thing.