Causes of business failure

Many people starts different kind of business but only a few number of them achieves their goals. Many fails and few succeeds. Below are some of the main causes of business failure in modern world;
1. Poor management.
2.Inadequate capital.
3.The loss of main trading accounts.
It is therefore appropriate for one to consider the above factors and rectify them when his/her business is not running smoothly.

 

The list of the main causes of business failure isn't complete. There's:

1. Passion - If you're starting a business you don't love, you won't know when you move over the thin line into hate.

2. Niche - You must find where your business is going to excel. There's no point running against major competition with a lot of funds and experience. You're going to lose if you do that. So find a better way to capture your audience and make them lifetime customers.

3. The Times - You have to keep up with the times. If you're not on social media, and you don't see a reason why you should be on social media, you're in for a long, hard road ahead.

 

I agree with both of you.
People start a business because they want to make money fast! There is no such thing as fast money. When u want to create a business you need all the assets. A business plan, investment, idea and a product.
TIME is what most need and which they don't take.
Rome was not built in a day!