5 reason why most business fail

We are living in 21st century and we all know very well that how competition is high in every field like mobile computers grocery etc and many businesses / startup are opening day by day and most of business close in one year or 2 year because they are not able to survive in market and very big reason of not surviving of this startup / businesses is that they can't even Make profit for their survival and they go to big loss.

Reason for failure

1. No market analysis :  they don't know how to analyse market and how to launch product, market analysis is a very important step of every business.

2. Low quantity :  they are focusing only on quality, they should focus on both quality as well as quantity because compretition is high so customer have many choices. so he will buy that which satisfy him/her more.

3. Bad marketing :  if your marketing is not good then you can't survive in today's market so you have to focus more on marketing.

4. Old business model :  most of the business / startup or based on old business model and they think that is best , but they don't know that with this types of business model you can't make more profit. so change your business and yourself with time.

5. No flexibility :  try to make your business more flexible it means that your business should accept changes easily. It should not go in loss if you Make changes in it.