ENTREPRENEURSHIP

Detailed explanation-1: -Nobody likes to talk about it, but the main reason why business plans fail is bad ideas. Most ideas look great on paper-but all too often, companies realize they have invested in a bad idea once it is too late.

Detailed explanation-2: -The most common reason for failure for Entrepreneurs is lack of funding. According to recent statistics, only 10% of startups can get their first round of funding. One of the reasons for this is that some startups don’t have a business idea that is attractive to investors.

Detailed explanation-3: -Business failure refers to a company ceasing operations following its inability to make a profit or to bring in enough revenue to cover its expenses. A profitable business can fail if it does not generate adequate cash flow to meet expenses.

Detailed explanation-4: -Poor cash flow management. Losing control of the finances. Bad planning and a lack of strategy. Weak leadership. Overdependence on a few big customers.