Why people fails in businesses?

@erictsuma (9725)
Mombasa, Kenya
November 10, 2019 2:41am CST
Are you a business man,business woman,or you are thinking of starting your own business if yes then you can share to us your tips of how other people in business can learn how to survive in business. Many people are just starting up their business in order to get profit but after sometime they close their businesses due to lack of less profit making. Your valuable tips will be of help to many businesses out there.
6 people like this
5 responses
• India
15 Apr 20
Businesses fail when the person running it doesn't have experience and lack of patience also
1 person likes this
@erictsuma (9725)
• Mombasa, Kenya
16 Apr 20
Yes I agree with you.
1 person likes this
@mnglsp (3767)
• Philippines
10 Nov 19
Many of those that failed are new in the business industry. What I've learned that a good entrepreneur must be brave and not afraid of being a failure and not afraid of taking the risk. In business, it is like a trial and error. But the thing is don't give up.
1 person likes this
@erictsuma (9725)
• Mombasa, Kenya
16 Apr 20
Very true Thanks for your contribution I really appreciate it.
1 person likes this
@louievill (28846)
• Philippines
10 Nov 19
I had been in business for almost 40 years of my life, my advice is start with something that you really like and enjoy doing and you have a passion for. Start small while learning and grow from there.
1 person likes this
@erictsuma (9725)
• Mombasa, Kenya
16 Apr 20
Thank you so much I really appreciate.
1 person likes this
@jstory07 (148735)
• Roseburg, Oregon
10 Nov 19
Figure out your cost per item and than double that to make a profit.
1 person likes this
@erictsuma (9725)
• Mombasa, Kenya
16 Apr 20
Ok thanks
@JudyEv (382240)
• Rockingham, Australia
10 Nov 19
I think some people try to get too big too soon. It can take quite some time for a business to become established.
1 person likes this
@erictsuma (9725)
• Mombasa, Kenya
16 Apr 20
That's is very true