06-13-2023, 12:33 PM
In my opinion, the main reason for a business failure is not having a proper marketing strategy. If you market your business well, your business will never fail. One of the reasons why some business are not marketed well is because of lack of funds. Some people are in such a hurry to start a business that they launch the business without adequate funds. They don't have enough money for product development, they do not have adequate money for hiring experienced staff, they do not even have enough money to market their products. Sometimes bad products are also the reason for a business failure.