10 Reasons of Business Failure

Introduction

• You want grow your business fast?
• You wan to your business never fail?

Follow 10 tips and save your business from failure

# 1: Building Something That People Don't Need

Sometime entrepreneurs make a products /services that has no  demand in the market and due this their business is fail.

So, always  make a products / services according to requirement of people.

#2 : Hiring Poorly or Not The Right Team

If your team does not have good people then your business can't succeed.

So, hire always good manpower.

# 3: Lack of Focus

Sometimes we are focus on too much work, make too many product  and also go in too many market and due to this we don't focus on right work, right product and right market. 

So, always focus on right work, right product and right market. 

Complete focus on your core business.

# 4: Stuck in Legal Issues

Do not follow of legal issues 

• Compliances
• Certifications
• Trademark
• Papers
• Contract etc.

# 5: Failure to Execute Sales & Marketing

If you don't apply right scheme & strategy of sales and marketing in your business then, do not possible grow of business.

• Good marketing strategy.
• Good ad campaign.
• Right platform of advertising etc.

# 6: Bad Location

Never start your business at expensive location, it means where office rent is more, because it is effect on your profit & loss account.

# 7: Not Having Right Partners or Co-Founders

When you don't start your business with right partners then, your business can never be successful.

Your partners does not do the same thing that you do.

# 8: Cash Burn or not Been Able to Raise Money

Your money is spent quickly and you not received in starting.

Do not fund raising.

# 9: Not Learning From Your Failure

When you don't learning from your failure then, may be you repeat same mistake and due to this your business can never be successful. 

So, always learn from your mistake and correct them.

# 10: Lack of Planning

When you start your without planning then your business can never be grow.

• Marketing planning
• Hiring
• Legal
• Financial 
• Customer 
• Trainer etc.

"Do not focus on numbers. Focus on doing what you do best. It’s about building a community who want to visit your site every day because you create value and offer expertise."

"Don’t try to do everything by yourself, but try to connect with people and resources. Having that discipline and perseverance is really important."