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Reasons why people fail in business
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[QUOTE="funmi, post: 216653, member: 38880"] People fail in business for various reasons. One of the primary cost of people failing in business is because they lack the technical know how of the business they are trying to start. Running a business is not for everybody some people are better off working as a team with others, and achieving the general organizational goals and objectives. Many are also failing in business as a result of inadequate business funding. They fail to realise that just as we as humans have our needs so also do business also require financial support so that it can grow and also achieve its objectives, which is primarily to generate profit. Let's take for instance someone running a transportation business with a bus. It is most likely that such a person will always keep a special fund for the bus, in other to run a routine maintenance on the bus so as to ensure it doesn't breakdown or suffer early depreciation that will send him out of.business. So most times people starve their business and the business is not getting any input and the business owners keeps expecting output, it will certainly get to a point where the business will have to suffocate. [/QUOTE]
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