Post
Topic
Board Economics
Re: Business failure among small-scale entrepreneurs
by
dediadi
on 16/12/2023, 06:20:28 UTC

Reason why businesses may fail

Inability to maintain quality can also be a reason for a business to fail, Customer's always want the best, the moment their is lack of value it can change the mind of Customer's to go after something else and may not come back. Business can also fail when you don't know what your customer want.
Failure in carrying out a business or business is many things that cause this failure One of them is when designing a business too hastily without mapping out a plan carefully. secondly, often when carrying out a business after a plan fails, you just stop and take the attitude of giving up, even though if you have a little more patience then the success will be real, then you don't dare to take risks so you always play or position yourself in your comfort zone, the business you run also doesn't innovate. according to the demands of the times