Unique reasons some newly established business shutdown or go bankrupt.

[TOZZIBLINKZ]

Majority of newly-established business who possibly are owned and managed by newly experienced employers and entrepreneur have shut down and gone bankrupt as a result of some factors not put into proper consideration possibly at the initial stage of establishing the business . There is absolutely no business owner that the wishes for his business to shut down and go bankrupt possibly within the few weeks and months of the business establishment rather every business owners dreams and visions towards his or her business is for the business to skyrocket and prosper thereby reaching higher heights in the future . Some of the reasons newly established business today shutdown or go bankrupt is 1 . Not Ensuring An Undivided Focus In Business Activities : when a business owner begin to lose focus in his business he could be perceived as being unserious and non-industrious . It is 100% advise that as a business owner you must consider your business very important you must understand that the life of a business totally depends on you being the controller and the manager of it and even if you have employees working under you you must endeavour that they are motivated at all times so as to handle business tasks and duties in order to accomplish and achieve business goals and objectives .

Another reason is 2. Abiding By Business Rules And Regulation : before a business is always established the business owner usually set goals and objectives for it business to follow and the inability to abide by these rules and regulation simply means that you are leaving your business to the wrong path . We shouldn't have a bad view to our business rather we should have a pure and truthful view to what our business and one way to do so is by leaving it to the right and prosperous path .

 

[Bard Racheal]

Making plans on owning an establishment, I mean a business establishment; you should know that you will be able to start it up rightly, to push the business forward and to man over it.

Owning a firm or a business establishment,is not the ultimate, but you should know how to handle it and to know what it takes to be a business owner, a unique one at that.

Your business may have to dwindle if you do not know proper tactics on how to push it forward.

Follow the right part as to how to get your thoughts brought to light.
You must have a vision as to how you expect that your would be business to actualize.If you do not have a vision, you may be seen as one that is busy in beating around the bush.

You should have ideas about what particular type of business you want to erect.

Make sure you are optimistic about what you are about to do.
If you are not optimistic but a pessimist,there is no way you can get your vision achieved.

Be wise.
Be resolute.
Try to create a customer friendly relationship.

If you do not have this initiative, you won't be able to make those clients you've gain stick with you.

 

[CALVINDOL]

There is literally no business owner , that which is for his or her business to crumble and shutdown possibly within the few days of establishing the business . The business owner could be newly introduced into the act of business and because of the is he or she does not have the requisite authority and the knowledge to run and fully manage a business and because of this such business tends to shut down and close down early . The lack of proper an interesting business plan is actually one of the main reasons why most businesses shut down and close today possibly during the early stage of establishing such a business . Sometimes a business plan could be unwholesome and unrealistic and because of this the business may not be able to accomplish and achieve expected business goals and objective as planned or expected .

Finally the inability for a newly established business to abide by the business rules and regulation is actually one of another reason why most early established businesses shut down and go bankrupt . The business may fail to abide by the rules of proper business fund allocation , and rather than yielding expected business results you may yield negative results .

 

[Chibson]

Sometimes, people who venture into several businesses think that it is a bed of roses to run a business successfully. A lot of them are always met with surprises because they failed to prepare very well in order to effectively run the business.

There are a lot of reasons why newly established businesses always shut down and not reach the desired goals and one of the reasons is taking of loans before venturing into a business. I always try as much as possible to waen people from taking loans before venturing into businesses because on the long run it can have a very bad effect. Firstly the businessman will be under pressure in order to recover the loan to pay back especially as someone who have never been into a business before.

Another main reason a lot of newly established businesses do not survive is because of lack of rules and regulations in the business. As a businessman it is very much important for you to be disciplined and your workers must also abide by the rules and regulations of your business. It is very important for you to be strict and try as much as possible to protect your business at all cost but failure to do so will probably lead to business failure.

 

[samual]

the or maybe some business is shutting down and bankrupt is that the company lack good accountant.
This accountants are the one that will be in charge of the money that is coming in and out of the company ,it will enable the company to make good choices the company will not just decide to invest in unnessary business that can not earn it money, this is why the use of accountants is good while starting a business so the company will make good choices in other to prevent bankrupt, shut down of the business, that is why we have to choose a good business idea before starting one.

 

[Ayuba Ernest]

There are a variety of specific causes that may lead some freshly created firms to fail or close their doors. One possible explanation is that the proprietor of the company did not conduct sufficient research before launching the enterprise. For instance, if they did not conduct research on the industry and the competition, they might have been taken aback when another company entered the market with a product or service that was comparable to theirs.

Another possible explanation is that the proprietor of the company did not have a comprehensive business plan in place. Without a plan, it can be challenging to make significant choices, such as how much money to put back into the firm and when the right time is to look for further investment.

A third potential cause is that a company could be experiencing difficulties with their financial flow. A constant inflow of capital is required for a company to maintain its viability as a going concern. In the long run, the company will fail if its expenditures are greater than its income.

 

[btaliat]

Running a business is not that easy. There are many reasons why most entrepreneurs will find their business go down the drain. The following can be the major reasons why most people always lose their businesses.

Planning is the first key thing in business. When we fail to plan, there is no doubt that we have planned to fail. Most people only rush into business with the aim of making money but never carved the ways they want to be making the money. This has been the main reason why most people fail in running their businesses.

Lack of adequate capital. Money is the right tools for whatever things that human may think of. When we don't have money or have the adequate ones, we will always be limited to the level that we are. Most people especially business people have what it takes to be great entrepreneurs but because they lack capital, they have not really utilized their potential.

No right mentor is the problem of some people. When we want to start business, we are just like a blind person that is going without any guidance. So not having someone to be guiding us right is an inkling to failure as entrepreneurs.

 

[blessingc]

Having a business means alot and adds up a lot of responsibilities to the owner. There many principles a good business owner must follow to achieve a successful business, a business that brings forth alot of profits.

Lack of good business plan can make a business go crashing. Before anyone starts up a business it is advised that he or she writes a budget for that business, a plan that can serve as a road map , so that when things start going wrong you can get back on track by checking out your plan. You also need a business plan to answer questions if investors when they come to invest, not having a business plan shows you are not serious about your business.

For your business to be successful, you need good work force, you need a work team that cooperates and puts head together to make your business successful. You need to encourage them by giving them incentives, and paying them their dues at the right time so they can work harder to make their pay come as always.

One of the most important part is situating your business at a good location, a location that doesn't drive away customers because if insecurity.​

 

[King bell]

There are a number of reasons why some newly established businesses may shutdown or go bankrupt. Here are a few of the most common reasons:

1. Lack of capital. This is perhaps the most common reason for failure, as many businesses simply do not have enough money to keep going. They may have been unable to raise enough money from investors or they may have burned through their initial investment too quickly.

2. Poor management. Another common reason for failure is poor management. This can manifest itself in a number of ways, such as bad financial decision-making, not hiring enough competent staff, or simply not having a clear vision for the business.

3. Unsustainable business model. A third reason why some businesses fail is because their business model is simply not sustainable. This could be because they are selling a product or service that is not in demand, or because their costs are too high.

4. Poor execution. Even if a business has a good idea and a sound business model, it can still fail if it is poorly executed. This could be due to poor marketing, not having the right team in place, or making too many mistakes.

5. Bad luck. Sometimes, a business may simply be unlucky. This could be due to factors beyond their control, such as the economy tanking or a major competitor entering their market.

If you are thinking of starting a business, it is important to be aware of these common reasons for failure. While there is no guarantee of success, understanding these risks can help you increase your chances of succeeding.

 

[Ithedicious]

So many things are to be considered and not only that alone even though it also contributes seriously as the reason why so many business are failing . we have to understand that sometimes most business are not successful when they have no patronisation.

Normally when someone establishes a business , the business at first may not be trusted by a large number of people the test of time will prove the legitimacy of the business. That is when people can start trusting your business. If at this time your business is not able to provide the best service on what people's require , a lot of people are likely to abandon your business and focus on other business that gives them what they need...

I believe at first every business organisation should be focusing on customer satisfaction because when this are not met there is likely to be a high chay of business failure. I believe that the reason why so many business are failing is lack of customers satisfaction and poor quality service

 

[Augusta]

Business that was not well planned will sooner than the owner thought go down or collapse. This is why it is always mentioned that a business should be started with a plan in place and when you have a plan it is good to follow it systematically and only make adjustments when you have critically looked at the situation and know that it is what you want.

Business isn't about huge capital because if it was about huge capital a lot of businesses will not failed I have come to realized that people concentrate more on looking for capital and big ones. The will tax their friends and family, then jump also to borrow from banks so that they can start big. How do you start a business you have never run to know how successful it will be

So before you say jack Robbins the business is at the verge of collapse.