why do some businesses fail while others r so successful?

Answer 1

it could be they did the 5-year business plan, knew how much money they needed and then asked for the amount (a loan) they needed.

Could also be that they worked for 80 hours per week for 5 years. Could be that they were tight with their money. Could be that they invested their profits right back into the business rather than spending it. Sometimes one product takes off quicker than other (that they are selling). Sometimes economics plays a part. Sometimes they did their homework and chose a busy corner to place their business on. etc. or it could be simply blind luck, or even that everything that they touch turns to gold. Othertimes their relatives help promote the business. Sometimes too the business owners don't try to reinvent the wheel.

Answer 2

The ones that are successful are following a system no matter how simple. Supply your services or products by thinking of the clients satisfaction. Service with a smile, organization, supply on demand. all key to being successful. One very effective small thing, open and close your business at the exact same time every single day. Success is the journey make it fun and be consistent.

Answer 3

There are as many reasons for failing businesses as there are failing businesses. Lack of capital and lack of good record keeping are two primary reasons. Other reasons include a poorly conceived product or service, lack of expertise, competition, wrong economic conditions, and in some case luck. Business is a tough environment requiring hard work. It is not for everyone. Many people try it who are not suited for it.

Answer 4

1. Business Plan
2. Financing Plan
3. Quality Staffing
4. Open Market
5. Ethical Idealogies

Successful companies have these. The unsuccessful ones don't.