Skip to main content

Why Business failure?



Business is not a easy task for all who tries to initiate and earn profit and sustain long term. Those who want to be success in a business must know  and understand the below mentioned points minutely.

 Reasons behind the business failure

1. Building something that people not needed
2. Hiring poorly or not the right team
3. Lack of focus
4. Stuck in legal issues
     a. Trademarks
     b. Certificates
     c. Papers
     d. Contracts
5. Failure to execute sales & Marketing
     a. Right scheme
6. Bad location
     a. Restaurant
     b. Stock
7. Getting out completed
     a. To much competition
8. Not having right partners or co-founders
9. Cash burn or not been able to raise money
10. Not been able to execute a pivot or not learning from your failure
11. Raising too much money
12. Lack of planning
     a. Mentor
     b. Coach
     c. Guide
     d. Teachers
13. Chasing investor not user(Customer)
14. Leadership/Strategic failure
15. Wrong partners and alliances
16. No differentiation
     a. Why customer comes
17. Wrong business model
     a. Kfc
     b. Mc donnald
     c. Pizza
18. No revenue model
     a. Probability of income
19. Overexpansion
20. Bad debts
21. Macroeconomics factor
     a. Earthquake
     b. Landslide
     c. Bio disease
22. Slow execution
     a. Execute
     b. Track
     c. Result
23. Wrong target and positioning
     a. Maruti 
     b. Mercedes
     c. Suzuki
24. Premature scaling
     a. Timing
25. Ignoring users feedback
26. Lack of profit or cash
27. Wrong time to market
28. Inadequate inventory management
29. No passion
30. Scaling without technology
31. Personal use of business fund
     a. Using fund by founders for personal use
32. No succession planning
     a. Who handles in absence of responsible person
33. Failure to identify opportunity gap
34. Bad product experience
35. Un-trained or Disharmonious
     a. Team members
36. Long term value of customers

Labels:

Popular posts from this blog

Concept of Temperature: Short Questions and Numerical

Heat and temperature Short questions: 1.        Distinguish between heat and temperature? 2.        Distinguish between heat and work? 3.        When two bodies A and B are brought in contact, heat flows from body B to A. Which is at higher temperature? 4.        Why is mercury used commonly  as a thermometric substance? Give two reasons. 5.        What is thermal equilibrium? Can two object not in contact ever be in thermal equillibrium? 6.        State Zeroth law of thermodynamics? Define temperature on the basis of Zeroth law  of thermodynamics? 7.        Why two objects in thermal contact come in thermal equilibrium? 8.        Which physical quantity determines the direction of flow of heat? 9.    ...
Read more

A book review “ Karodau Kasturi”

As being a Nepali, I am so very fascinated with the Nepali literature. So, this year (2075) I made a New Year Resolution to read at least a book (Nepali) every month. I finished reading Khabuj by Benyamin ( translated by Dinesh Kafle), Seto Dharti by Amar Neupani, China Harayeko Manche and Hari Bahadur by Haribansa Acharya, Sallipir,Yaar,Lu and Chocolate by Nayan Raj Pandey, Juneli by Brajesh, Juino by Binita Baral, Summer Love, Monsoon and Katha ki Patra by Subin Bhattari, Karnali Blues and Firfire by Buddhi Sagar, Maha ko Ma by Madan Krishna Shrestha and so on. Last weekend I finished reading “Karodau Kasturi” by Madan Puraskar winning Author ‘Amar Neupane’. Though this book was with me from past few years, I could not manage time to read this one. So, last Friday I started reading this book. Karodau Kasturi is based on actor/comedian Haribansa Acharya. This novel is all of imagination, not the true story though, but reflects the truth of the society. The name of no...
Read more

Explanation of Central bank and its major functions

The central bank is the institution that controls the monetary and banking structure of the country.  The central bank (CRB)is a non-profit making the financial institution. CRB is at the highest point of the whole financial system of the country. CRB has monopoly power of note issue. In other words, it is the principal banking and monetary institution of a country. It controls and regulates the activities of other banks. It is under government ownership and management. It regulates the monetary and credit conditions to attain the goals of the state.  Functions of Central Bank:  A central bank is the apex institution of a country’s monetary system. Since the monetary system of the country, in any case in a developing country, a central bank is also the apex institution of its financial system. As such it plays a leading role in organizing running, supervising, regulating and developing the monetary-financial system.  A central bank perfo...
Read more