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Thread: Why New Business Fail?

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    Why New Business Fail?

    1) Not working hard enough on a Idea to make it feasible to work with
    2) They deliver products or service on time, But they are unable to satisfy any of their customers for some reasons
    3) They have unsupportive family or relations which hold them back
    4) They did not understood the meaning of Marketing and Sales, They were running for making Blind profits.
    5) The lack of Handling and Financial Management killed the Business

    What do you think is the main reason behind all this ?

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    Re: Why New Business Fail?

    According to me why new business fail is because of not having the right marketing done and also not delivering the products with quality.

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    OMF Member Stan's Avatar
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    Re: Why New Business Fail?

    Failing to work hard and work smart are always the reasons why new business ventures fail. Part of working smart is providing a service that has a promising future too.
    Last edited by Stan; 04-22-2015 at 12:43 AM.

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    Re: Why New Business Fail?

    Another won - new business from lack of faithe

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    Level 3 yukon's Avatar
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    Re: Why New Business Fail?

    Thank you for your Great topic. I agree with you. I see same as you. Not only some but also many start up business failed at a first time. I think some of reason they also failed to run his business.
    Such as :
    1. Empty Pocket
    2. Over Confidence
    3. Lack of Planning
    4. Personal Spending
    5. Poor Pricing strategy
    6. Underestimating the competition
    7. Disgruntled employees
    8. Lack of Planning

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    OMF Member lucycarter's Avatar
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    Re: Why New Business Fail?

    Hello,

    I read your post and according to me your point 1, 4 and 5 are the most important factor for any business to fail. Not planning properly, bad financial management and running business without a proper marketing strategy can lead to failure of any business.

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    Re: Why New Business Fail?

    Part of working smart is providing the services that has a promising future. They have unsupportive family and relations which hold them back. They did not know the meaning of Marketing, and they were running for making blind profits.

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    Re: Why New Business Fail?

    Organizations fizzle for some reasons. The accompanying rundown incorporates probably the most widely recognized reasons: 1 – Lack of arranging – Businesses fizzle in light of the absence of present moment and long haul arranging. ... Inability to plan will harm your business.UK Segways For Sale | Segways | Hovercart | hoverboard and kart | hover cart | Hoverboards UK
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    OMF Member Redgi's Avatar
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    Re: Why New Business Fail?

    Do you advertise your product? After all, this is one of the main parts of business development, it is to this stage that many people pay attention. I advise you to think about branding your products, see the site https://www.bigacrylic.com/ here they do interesting things. I have been developing my business for about two years, this is not easy but quite possible if everything is done correctly.

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    Re: Why New Business Fail?



    Businesses fail for many reasons. The following list includes some of the most common reasons: 1 – Lack of planning – Businesses fail because of the lack of short-term and long-term planning. ... Failure to plan will damage your business.

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