Carpon
Valued Contributor
A business goes down because of some reasons and they are very numerous. The presence and lack of somethings are the cause of the breakdown of many businesses. Some of such things that can bring your business down drastically from being a booming business to a diminishing one include:
✓ Lack of good business delivery: if your business defines its service and it is unable to deliver that efficiently, it will greatly affect your business in terms of patronage and generally in it's ability to stand.
✓ Improper or poor management of business funds: when the runners of a business are not able to maintain the funds of a business properly but rather squander it and give little concern to the need for profit making, such a business will eventually crash.
✓ Lack of good business goal setting: a business should set goals whether on a daily, weekly, monthly or yearly basis. This helps business workers to know where they need to be and are heading to and makes them work better and lack of this means that your business will move without a focus or aim and end up collapsing.
✓ Lack of good business delivery: if your business defines its service and it is unable to deliver that efficiently, it will greatly affect your business in terms of patronage and generally in it's ability to stand.
✓ Improper or poor management of business funds: when the runners of a business are not able to maintain the funds of a business properly but rather squander it and give little concern to the need for profit making, such a business will eventually crash.
✓ Lack of good business goal setting: a business should set goals whether on a daily, weekly, monthly or yearly basis. This helps business workers to know where they need to be and are heading to and makes them work better and lack of this means that your business will move without a focus or aim and end up collapsing.
