Tag Archives: PESTLE

Reasons for the failure of "NEW" Business

Sometimes we can hear people say “Nowadays my business is very dull..Not enough profit.So I am going to quite the business”

Why some business getting a sudden death ?? It is a very important point to think.According to my knowledge the following things may affect the start up businesses

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  • Lack of enough research.
  • Lack of honesty with themselves..
  • The founders move too quickly
  • Lack of sudden actions when they are very critical
  • Imbalance of supply and demand levels
  • Lack of knowledge about cash flow
  • Spending of too much money
  • The giving up of the situation
  • Lack of sensitivity analysis(SWOT analysis and PESTLE analysis)
  • Lack of enough hard work.