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Reasons for the failure of many business
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[QUOTE="Rachael, post: 220995, member: 68963"] There are reasons why business entrepreneurs experience failure in their ventures and lack of motivation is not farfetched from one of the reasons. The act of motivation is a powerful tool that can either work positively or negatively, depending on how it is used. There is no way a business will thrive if it solely built for the maximization of profits. It means that if customers patronage stops or is not booming as before, that the business owner would choose to close down the business. To start a business, you need to be motivated in the business line so yo do not see every small challenge as a heavy weight on your shoulders. You need to look beyond the profits or gain. Another common reason for business failure is pride and lack of customer's satisfaction. Of course, the customers are the foundation and pillar of any business, and once the customers are dissatisfied ad nothing is done to salvage their problems and expectations, the business would have no alternative but sink. Some entrepreneurs are so proud, that they tend to take everything a customer says, or reacts at every negative comment. Some business owner do not want complaint or criticism from the customers or experienced people. They fail to remember that these criticism could be used as a place of opportunity to input more creativity and innovative ideas in the business. [/QUOTE]
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Reasons for the failure of many business
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