2006-07-21 00:54:17 · 7 answers · asked by Sunil B 1 in Business & Finance ➔ Other - Business & Finance
You'd have to define "fail" because attempting something with sincerity and dignity hardly is ever going to lead to failure. I mean, the victory is really in the trying, now isn't it? Financial business failure is a whole other story (has Amazon.com turned a profit yet?). I refuse, as a small business owner and Independent Contractor to consider myself a failure even though I have yet to make a penny in my chosen profession. I make money at my part time job everyday but I could succeed there in my sleep. The marketplace has to be pumped and primed in order to receive you let alone buy into and invest in you. Very good question, but I think assigning blame when one's business doesn't do as planned while useful to some doesn't say a lot to me. I know all the behind the scenes effort that even staying afloat requires.
2006-07-21 01:01:13 · answer #1 · answered by Sleek 7 · 0⤊ 0⤋
Research conducted in the US (where a large number of start up businesses fail every year) has revealed that (1) poor marketing and (2) poor financial management were the major reasons why these firms failed. We should note that a good product does not sell itself. You need sound marketing too. Marketing is one area where usually most of the cost cutting is done, or usually no attention is paid. Most small firms believe that marketing is sporadic advertising. Advertising is only a small part of marketing. There are thousands of ways in which one can market his firm effectively and economically. The need for sound finance management is normally understood by all, but hardly practised efficiently.
2006-07-21 01:41:20 · answer #2 · answered by Sajeev 2 · 0⤊ 0⤋
The markets. Those who fail free up resources for those who succeed.
2006-07-21 00:57:41 · answer #3 · answered by kitty fresh & hissin' crew 6 · 0⤊ 0⤋
Try to determine the reasons for the failure.
Insufficient financing?
Low demand?
High price?
High expenses?
Poor management?
Insufficient quality employees?
Excessive competition?
Excessive government regulation?
Unanticipated expenses?
...
The list goes on and on.
2006-07-21 01:00:06 · answer #4 · answered by fcas80 7 · 0⤊ 0⤋
you have a lot of large companies like walmart that are putting small businesses out everyday....so this makes it very difficult for a new company to succeed.
2006-07-21 01:02:30 · answer #5 · answered by norwood 6 · 0⤊ 0⤋
The weather,
2006-07-21 00:58:57 · answer #6 · answered by mug 2 · 0⤊ 0⤋
noone,but perhaps ur tuff competitors.try,try till u succeed
2006-07-21 00:58:43 · answer #7 · answered by Deepanshi 1 · 0⤊ 0⤋