Fashow
New member
There are many reasons that can make a business to fail. Some of them are but not limited to; lack of business planing, wrong business location, lack of business knowledge, inadequate financial power, and government policy.
1. Lack of business planing; As the popular saying that he who fails to plan plan to fail. Therefore, many businesses fail because of lack of proper business planing.
2. Lack of business knowledge; many rush into a business simply because they have seen others engaging in it or because they wish to engage in any available business without having any or little knowledge about the business.
3. Inadequate Capital; Some have proper business planing, and also have the required business knowledge but don't have enough financial muscle to push the business further.
4. Government policy; many have all it takes to make there business florist but bad government policy has crumbles many businesses. Such has double Taxation, High Tariffs charges on business, etc.
1. Lack of business planing; As the popular saying that he who fails to plan plan to fail. Therefore, many businesses fail because of lack of proper business planing.
2. Lack of business knowledge; many rush into a business simply because they have seen others engaging in it or because they wish to engage in any available business without having any or little knowledge about the business.
3. Inadequate Capital; Some have proper business planing, and also have the required business knowledge but don't have enough financial muscle to push the business further.
4. Government policy; many have all it takes to make there business florist but bad government policy has crumbles many businesses. Such has double Taxation, High Tariffs charges on business, etc.