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.

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 

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