Why small business fail in the first 3 years- A Harsh reality

What is considered a small business

Small business is called having less money to invest in that business and having less plannings okay but better plannings but not well as bigger business but smaller business always use mother profit only.

Why because smaller business have less employees in that business
And the owner have multiple rolls he should have to play small
Atte time the owner should be confused upon the type of businesses why because we are maintaining many more businesses small
Small business is always capital limited that we all know small business is started with low investing for me small
And also many people use it to start this type of businesses
By making everything prep and the result will be happen but not much as we think
The was an very high risk also and rusk also there.
Why because small many people just make a plan and by thinking about risk things they lose their planning and also not going to start their work in the prepained manner
But reality is not like that as we expected
That we have to consume expectations and also reality in the business.

Lack of Planning at the Beginning

Many people just rush to this type of businesses without planning
That’s why many more problems should people have facing
Without planning nothing will be working in happen.
Before planning or before doing something a business or making a business.
We have to consider all type of things that like planning of the business or place.
RL how much we have how much we can spend upon that business these are all the main things in major things you should have to consterate before we are investing.
We have to make some research about that and also don’t rush into blindly make many more reason as much research as we get the result
That’s why elder people always says before doing anything about it more deeply before fallen into that thing.
And also don’t copy anything from other businesses it will be helpful for others only not for us
Don’t copy blindly this is the major thing why people are facing all type of problems
In the starting stage of the business like first 6 months also considered as very pressure full time for them
Why because not only this type of business every business should have to make or we should have to make some patience.
The business then only the business will be work happen freely.

Poor Money Management.

Yeah we are know that managing money poorly is also will falling way to the business why because everything should have to be planned.

But not planned it won’t work why because poor money management will leads to business for land why because without calculating each and everyday income and profits and also losses.

This are the ways we should have to conserve because this are the only things the business should have to depend upon this topic why because business should have to grow up or grown down without accounting it.

Regularly ignoring this type of money and accounting of the daily income it also lose in the entertain .

Using it personally and not using for the business purpose and also early using will also leads to this type of fallings.

Examples.

Early spending
Ignoring daily accounting
Not making any tax planning
Small losses will appear
Cash flow problem

These are the examples why this type of business are falling down if we have more money flow don’t just blindly rush into spend it.

Because we have to save it for later and we have to make a business in a proper way to build in a different way.

Depending on a Single Income Source

Yeah single income source bills also leads to any problem why because if we are depending single type of product or single type of product giving manager

We only depend on this type of product only one single product it will also leads to okay you fix runs in certain time but not only in the future why because everything have their own time to run and to fallen.

That’s why we should have a perfect backup plan to your business don’t depend in a single source of income it also leads to any problem

Just to store a backup plan and backup income should have to be there why because if we lost this business the backup plan will help to this business and make it to more improvement in this business.

This type of business also Los why because if he busy if we believe or trust on a senior type of income change if it work in it once is an online not the enter reason not the 365 days of a year.

There wasn’t limitations for everything we should have to consider that thing and also have to be more patients and more attention to this type of businesses and also we have the responsibility to lead this Indian proper way to get more profits.

Ignoring Customers and Feedback

In everything not only business we should have to consider about the side of customers also if they give us feedback and we have to thank back again.

Main because is we are done this type of things they are not only give us back friendly gives and their prefer our business to the today reference.

And also we know that a business will also indirectly grows and the feedbacks are more important from the customers we can improve our degrade of business with this type of feedbacks only small.

If they complaint don’t make any scene and don’t give any ego opponent
Just apologize them and we will make it in a right way next time
That should we have to more convenience to the customers we have to pay more attention to the customers.
This will take advantage who are competitors to us.
This will be a better option for them we don’t have to give them this type of option why because these are the only things we should have to consider.
And wish you have to follow this

Most of the people not having proper patience upon growing business the business should have to grow slowly only not only in the rush and never ever try to believe anything that get business are going fast and we don’t have to compare about this type of things.

External Links.

https://www.investopedia.com/terms/s/smallbusiness.asp

https://www.forbes.com/sites/forbesbusinesscouncil/

https://www.entrepreneur.com/business-news