why do some businesses fail while others r so successful?

Answer 1

business is a dog eat dog world, there will always be losers and winners. the failed business are probrably business there other company beat out, that their product or goods offered to a consumer was not at best quality or not convient enough compared to another company. this is a really complex question becuase you didnt specify which kind of industry you are talking about, so i answered kind of broad.

Answer 2

I think there are multiple reasons to a business failing. First you need a strong idea, without it your business is destined to fail. Next you need a strong business plan, including the customer you are targeting, budget, location, and marketing campaign. Some of it could boil down to timing. A successful business owner will have a great product, service, management, budget, and marketing. If you don't have all of these items, it will fail. There are several great articles on-line regarding starting your own business, including resources such as cnnmoney, forbes, entrepreneur.com, etc.

Answer 3

Keys to success:

1. Location, location, location.

2. Thorough planning.

3. Good management.

4. Sound investments.

5. Wise spending.

6. Flexibility to change strategies with changing markets.

7. Customers.

8. Customer service.

8. Employee contentment.

9. Marketing and advertising.

10. Commitment of owners, management and employees.

Answer 4

There are several factors that could affect success or failure of a business. One thing that is often overlooked by business owners is treating their employees with respect. If you treat your workers like garbage, how can you expect them to respect YOU and do a good job? And, yes the workers need to respect their superiors as well - it has to be mutual. If the workers feel that you are more of a friend, they are less likely to call off when they are not sick, or neglect their duties. And if the workers give the employer a chance before judging them based on their position, the boss will appreciate it and will be more likely to promote you, etc. Mutual respect. Simple and effective.

Answer 5

Business is an art of anticipating future value, which can go wrong not only because of gaps in understanding and capabilities needed for the art, but also because of the inevitable uncertainty of the future as such.

Answer 6

its called corruption

only joking....

its just simple supply and demand coupled with bad book keeping, poor decisions and lack of investment and maybe the weather

Answer 7

it is on the integrity,experience,hardwork and other local circumstances.