Reasons people give up in business.

TOZZIBLINKZ

VIP Contributor
Not a reasonable amount of people have been able to become successful in the business they have established or implemented . It could be absolutely easy for an individual to establish a business especially if he or she has the requisite capital and financial funds to actually do so, but being able to manage and operate the business in a way ordered for effective business management and prosperity then that definitely would require a whole lot of work, responsibility, and practice . According to a research that is conducted back in the year 2013 it was considered that one of the main reasons majority of people give up in business is because the business ideas backing up their business establishment was absolutely not made by them but rather given to them by others . For you to be prosperous and successful in business it is absolutely very important that the business you have established or implemented gives you the satisfaction and the comfortability you deserve, and for you to be satisfied and comfortable in your business totally depends on the business idea being established .

To be more elaborate and explanative on the matter, your business idea leading to your business establishments should be established by you who is definitely going to be the manager and the owner of the business , and no doubt you can seek idea help from others, but you must remember that they can only give suggestions and opinions and not real answers on what kind of business you should establish .
 

CALVINDOL

VIP Contributor
There is absolutely no business owner that establishes and implements a business idea just for him or her to fail and to give up at the end, but even with that majority of business owners give up in the business they have established and implemented and this is because they do not put into proper consideration some of the factors that critically determines a business successfulness and prosperity . Businesses need the involvement of a business owner and its owner to be able to attend success and prosperity and that is why it is absolutely mandatory and paramount for a business owner to compare his ability and his or her capability towards the business he or she has possibly establish their for trying to analyse whether he or she, is actually capable of handling such a business so that he or she will not have any further problem during his course of staying as a business owner in such a business .

Most importantly your satisfaction and comfortability in the business we have established absolutely is also important because when you are satisfied and comfortable in your business you will prove to handle all business responsibilities and activities with seriousness .
 

Ithedicious

Valued Contributor
Giving up on something has been in existence for a longer period of time and is never a new things to me because some people do give up on the things they have done because of so many unexpected challenge they may be facing during the cost of trying to establish this business of theirs..

Sometimes one of the reasons why so many people gives up in their business is the fact that the capital they have budgeted for the business was too small , and the business demandeds more money and there is no way of sourcing for new fund to add up to the business..

People rarely give up on business because of the stress the business brings , but so many people can give up on a business when they understand that the business is taking a lot of their time and they do not have time anymore for the families and loved ones.
 

Mastergp

Verified member
Handling a business is not easy, many people have given up in their business they see it as being very cumbersome for them to handle, while still some are still trying their best to make sure that the make earns means.

Some people complain it sometimes feel embarrassing to go to work without make a single sale, well it really sound embarrassing because everyone goal is to make profit in order to coverup expenses , at most occasions because of lack of sales some seller may even sell their product below their cost price and such can lead to a business down fall.

Another thing that makes people to stop engaging in business is because they refuse to put much effort and time in their business, and when this two are lacking such business goes to the opposite side, so when wen we put the two to work it would do us much good.

Sometimes lack of business planing can cause a business to go side ways, before we engage in any business we need to make proper planing on how the such business would be run would help one to avoid any mistakes that may occur which would bring down our business.
 
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