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Why businesses fail

Many businesses fail, but yours doesn't have to. Find out why most businesses don't make it past the first 6-12 months and what you can do to prevent it.

Your business doesn't make profits.
There might be a lot going on, but you're not going to make it if your expenses are higher than your income.

You haven't saved enough money.
You need to save enough cash to run your business for the first 6 months or so before you start making money. If you don't, your chances aren't good.

You haven't defined your market and you don't understand your customer's buying habits.
If you don't know who they are, how to reach them, and how loyal they are, how are you going to make money from them?

You think you can do it all on your own.
Believing you can do everything yourself is the fastest way to burn out.

Your business has grown too fast.
If you don't have the cash to buy more inventory, pay more workers to meet your demand, or even chase the people who owe you money, you're taking on more responsibilities than you can handle or afford.

You depend on one customer.
The more customers, the better your chance for survival. If you lose the one key customer you depend on for survival, your business will not survive.

You haven't priced your product or service properly.
If you sell your product or service below what it costs you to make or provide, your business will not survive.

You don't manage cash flow well.
When you're starting, you have to pay for a lot of things up front. You'll also be waiting for money to come in. Make sure you find a balance, or you'll run out of money and be out of business.

You don't react to competition, changes in technology, or changes in the market.
You can't assume that what you've done in the past will work all the time. Change with the times and experiment.

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There are many reasons why man businesses fails and even end up bankruptcy. Some totally stop their operation, others sell their business, and there are also some that struggling to regain their business and reputation. The only solution to at least re-value their business is the way of re-branding or having the business or product rename to something that is unique. In this idea, and for real world, many of them re-branded businesses had successfully achieved their goals and even more profitable that before, with of course the use of quality marketing ideas. Anyway, for business branding, try several branding firm that are expert to renaming business. You can also try this business name sample site


Just because you come with a new idea, it doesn't mean people will run to get your products, you have to allow enough time to pass for them to learn about what you've got to offer and for that to happen you'll have to keep your business floating cutting the costs as much as possible. Use a free Invoice Template, do the job of a regular employee until you afford to hire more people make any small adjustment as long as it keeps you on the market.