Wjy do businesses failed

June 16, 2018 4:58am CST
It always good to learn from one another and see how not to repeat such risks or failure. Why do you think businesses fail or did you even have a failed business what happened?
7 people like this
7 responses
Louise Crisologo
@mlgen1037 (29886)
• Manila, Philippines
16 Jun 18
There are reasons why businesses failed. One of them is lack of passion.
1 person likes this
lovely
@augusta123 (6649)
•
16 Jun 18
yea,no passion to drive the business
1 person likes this
Louise Crisologo
@mlgen1037 (29886)
• Manila, Philippines
16 Jun 18
@augusta123 Indeed. No passion leads to everything else.
Jessa Bumagat
@Jessabuma (31700)
• Baguio, Philippines
16 Jun 18
Maybe because of poor management . If you want to have a successful business you need to know how to manage it.
Jessa Bumagat
@Jessabuma (31700)
• Baguio, Philippines
16 Jun 18
@kepweng I think there are many kinds of businesses you can start here.. hehe
cherigucchi
@cherigucchi (14879)
• Philippines
16 Jun 18
It is better to have plans. When one plan fails, there should always be an alternative.
Marlina
@marlina (154166)
• Canada
16 Jun 18
Lack of knowledge and taking too many risks. Not enough capital.
enyi ada
@Berrygal (5834)
•
17 Jun 18
Lack of planning
April fabe
@Peach10 (1920)
•
17 Jun 18
Your finances may not be enough
peachpurple
@peachpurple (13884)
• Malaysia
16 Jun 18
wrap up the business, sit at home for 8 years before thinking what to do next.