Business

Why do most businesses fail?

21 Comments 11 March 2010

going-out-of-business

To find information for this article I googled “10 reasons businesses fail”.  Here are some of the results:

  1. Lack of planning
  2. Over expansion
  3. No website
  4. Insufficient capital
  5. Poor management
  6. Owner quits too quickly
  7. Lack of branding
  8. Inability to close a sale
  9. Demand
  10. Unlucky

Thats enough of what google thinks. From your experience, what have you seen as the main driver behind why businesses fail?

Why do businesses fail?

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