0 votes
in Revision by

Why may a new business fail?

1 Answer

0 votes
by (84.8k points)

Reasons why a new business fail include;

  • Inadequate capital/operation capital may be inadequate to sustain.
  • Poor inappropriate marketing
  • Stiff competition
  • Inefficient management skills
  • Lack of inadequate man power
  • Inadequate modern technology/inappropriate technology
  • Political instability
  • Lack of planning to accommodate future changes
  • Poor customer relation/care leading to loss of market.
  • Inappropriate product/business for intended market
Welcome to Kenyayote Q&A, where you can ask questions and receive answers from Kenyayote staff and other members of the community.

Before you ask, search the website to make sure your question has not been answered.
If you are ready to ask, provide a title about your question and a detailed description of your problem.