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
- 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.