Jane Jones
Jane Jones Manager at SavvySME

What are the most common reasons businesses don’t succeed?

Have you experienced any failures in business?  Have you had other businesses that didn't succeed?

Top voted answer
Maini Homer

Maini Homer, Owner at

The Biggest reasons most business fail is due to fear, and lack of self belief. It is imperative that business owners and entrepreneurs have an exceptionally strong mindset if they want to succeed. It's really that simple.

Jane Jones

Jane Jones, Manager at SavvySME

Fear can be crippling. Thanks @Maini Homer for your opinion. 

Jane Jones

Jane Jones, Manager at SavvySME

Would love to hear your opinions and / or experiences with your own businesses.  @Roger Smith @Brian Dorricott @Steve Osborne @Nathalie Lynton @Gill Walker @Maini Homer 

Yee Trinh

Yee Trinh, Cofounder at

Agreed @Maini Homer , that the reason that the people who enter business and fail is because of fear/lack of self belief. 

However successful entrepreneurs still encounter failed businesses over their career. And sometimes, that's just the nature of business. 

At other times, these factors play into it..

  • unpreparedness 
  • lack of planning
  • lack of research
  • response times to problems too slow 
  • poor cashflow management
  • not enough knowledge of business finances 
  • too easy to give up