Reason of Business fail- BlackBout

                         Reason of Business Fail

We all want to built our own business.Business is an act of producing and distributing goods and services for the purpose of earning profit through customer satisfaction. But only few people can made their business because 80% of people can't try to do because of Risk. Peoples think that what happen if they totally loss. In this article i will share those reason why Business startup fail.

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                1. Lack of Planning

          To start a business, planning is very important. The main problem that startup do is Lack of planning. If you build big company but you don't have any idea to do it there is big chance to lose it. Most of the people who want to start a business they don't have any planning what kind of product it supply they don't know. Your business is failed because of your Lack of planning. 

                2. Lack of Financial capital

          In some cases, Lack of capital is also a reason for business fail. Lack of Capital makes very difficult to grow your business and may jeopardize day-to-day operations. Every startup need money to start a business but some peoples can't mad business of their conditions. The sign of Business fails because of Lack of Financial capital is not be able to pay its loan, taxes, bills and other financial commitments.

                3. Wrong Partner

            If a businessman choose wrong partner to control their business, that business conform fail. Wrong partner have negative thinking against business. While choosing office chief, sectional chief or Office assistant you should choose peoples which are intelligent peoples which helps to promote your business. 

                4. Poor Management

             Poor management and lack of Planning are like same but poor management are those who don't have communication, Facilities, and lack of Feedback. There are two type of management :- Standard management and Poor management. Standard Management grows business faster as much as they can but poor management never grow up if they can't find Good Leader.

                 5. Lack of Motivation

             If your business get down, that time motivation is very important. In that time you don't get motivation your business will go down. Motivation is the power who helps people to generate energy. Motivation is needed to grow the Business industry.

Click Here:- Why you are not become success in life.

                 6. Leadership Failure

             There are lots of reason of business fail but the most important is Leadership Failure. Without good leader a business can't move forward. Leaders are those who promote the business but  failure leader cannot develop your business. Th successful entrepreneurs try to  learn, study, and reach out to mentors to improve their leadership skills.

                 7. Lack of Communication and Traffic

            If you want more traffic, communication is very important. Communication skill is very important in the field of business. If you don't have any communication skills your business never get traffic. So you want to develop your communication skills. It includes politeness etc.

                 8. The Wrong Location

            An entrepreneur choose good location and goods for business. If you started business in a place where more than 2 companies who sales same product your company is new then there is less chance to get success. You should choose location where traffic are more to buy your product.

                 9.  No Website and No Social Media Presence

            Website and Social Media Presence is very important to develop your business. If you have plan to built your business you should made your own Website such as:-  Amazon, Alibaba, etc. It helps to promote your business all over the world. If your business is growing but you don't have any Website you will not find any traffic. 

                 10. Lack of Profit

             If there is no benefit of business then it will be automatically stopped. If a big business fail because of lack of profit there is many problems behind it because there is less chance the business. According with the research , only 40% of small businesses are profitable, 30% break even, and 30% are losing money.