Why Businesses Fail

in business •  6 years ago 

As i write this article, for all the struggling ones out there fighting for their survival, all the solopreneur /entrepreneur- this is the 3 main reasons why you fail:-

1)PROCASTINATION

Quit delaying your process and start taking action whether you are ready or not. JUST DO IT!

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2)SALES

Although many people believe lack of money is the reason why businesses fail, but the actual reason is not enough sales of your product/service.

sales.jpg

  1. SMALL TARGETS

One of the other big reason is thinking small. Low targets in your company will only lead to failure. THINK BIG GO BIG!

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Hi, in my opinion i think another reason why businesses fail is because of Lack of experience and most times - Insufficient capital (money)

Hi jaycidiq, i don't think its about money. Many people who dont have capital often try to sell there ideas to angel investors or some times try to raise money by taking loans from there friends or relatives. That's what i think. its about whether you can convince(sell) your ideas/products/services to others or not.

@younghustler, I gave you an upvote on your post! Please give me a follow and I will give you a follow in return and possible future votes!

Thank you in advance!