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
If there is a will there is the way...