Why most businesses that started off perfect and promising, later dwindle.

[TOZZIBLINKZ]

Probably this may have happened in the area or country which majority of you guys stay but in my country I know of majority of businesses that initially started off perfect and promising but as Time goes on they crash or go bankrupt . it is never the dream or the vision of a business owner to see his business crumble or go bankrupt bet he or she has the vision for his business to skyrocket thereby reaching higher heights and also outsmarting his or her competition and business rivals in areas of business dealings and doings possibly with customers and clients .

Sometimes most businesses that started off perfect and promising later fell or crumble as a result of poor management . The business manager or the business owner of such business did not take it into proper consideration the making of Good and long lasting affect business decisions towards the business , that is why in most cases the lack of good and promising business decisions could lead to business failure and bankruptcy . In most prominent cases it is as a result of the employees of such business organisation not having the motivation to work there by being able to carry out and signed business goals and duties assigned to them by their superiors .

 

[blessingc]

The worst thing to happen to a promising business is I to dwindle and fall. It shows there was a miscalculation somewhere. There's no smoke without a fire.

They never planned well for the future of their business. When planning, you don't plan short term but plan what you want your business to be in years to come. Plan goals you want your business to achieve at specific times.

Businesses fail because of poor leadership. Having a good management of your business can hinder it from falling dramatically. If you can't handle your business properly, it will be best to employ a professional, like a manager to help you do that. To coordinate your staffs and build the business with good managing ideas.

Keep an eye on the trending values of your customers. Also lack of capital makes it difficult to grow business and may hinder the progress of such a business. It shows that a business might not be able to pay its bills, loan, and other financial commitments. It also bounce back to poor planning.

A poor location might make your customer acquisition costs too high. Also, lack of focus can jeopardize a business, when you don't know the in and out of your business, or how it is being run, you can lose a lot.

 

[eldavis]

In most cases, this is simply due to poor management. Under poor management, even the best of business could easily fall. Management is more of a general term, which means it's not related to just one aspect. It could be poor management in terms of the financial aspect of the business, which is one of the most common ones, another factor could be poor management in terms of workers or as some would like to call it poor working habits. The customer service is also a major factor on how long a business would survive.

 

[CALVINDOL]

It is never the decision or the vision of any business owner to see his business crumble as a result of going bankrupt or liquidated , rather every business owner totally wishes for his business to become prosperous and to be able to reach greater and higher heights in the future . But no matter how long we prolong the matter some business will always fail and crumble and sometimes this business that fell and crumble are totally business that initially started off as promising and successful but as Time goes on one thing could lead to another then the business foundation become liquidated and insolvent making the business to collapse wolverley .

One of the things that actually make a business to collapse is as a result of the business owner losing focus towards his business . It is very advisable and important that we have undivided focus in our business because it will absolutely be beneficial for us to keep our business in existence and for it to reach greater and higher heights in the future . A survey and feasibility study was actually conducted in the United States about collapsing and liquidated business and one of the key reason why some businesses collapse and gold liquidated is result of losing focus .