Everyone can open up a
business, but not everyone
can develop their business
successfully… Have you
ever wondered what the
reasons for failure are?
Is ﬁnance the only culprit
f a i l
They have no concrete plans and ideas,
and a lack of guidance to execute the
daily operation of their business.
They fail to realize that planning is
an essence in business, and
just go for it with their gut feeling.
1. No Concrete Planning
They think that they will be able to earn a big
income on their own without collaborating with other
entrepreneurs. Egoism could be a possible reason
to hinder them from accepting other’s people
opinions for more business opportunities.
2. Limited Business Opportunities
Inexperienced newbies who think that they
know it all but in fact seriously lack knowledge
in all aspects may be a cause of failure. Many
people are unaware on how to focus their
niche in one area, how to manage employees,
how to manage their ﬁnancial income, how
to reach their customers, and etc.
3. Lack Of Knowledge
New entrepreneurs fail to plan their
business for long term consideration.
They focus mainly on the current
situation. They love the idea of
earning fast money by investing
very little on their business. This could
lead to devastating results for the business.
4. Lack Of Vision
When they feel like everything is
failing, they give up the business with
the idea that it is better not to lose too
much money. They fear failure and choose
to end it clean rather than cause a bigger mess.
5. Giving Up Too Early
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