ENTREPRENEURSHIP 12 Some Common Reasons for Entrepreneurial Failure

Entrepreneurial Failure 1. Lack of commitment

Entrepreneurial Failure 2. Inability to admit making mistakes

Entrepreneurial Failure 3. Failure to match their abilities, interests, personalities, and needs with needs of their business ventures.

Entrepreneurial Failure 5. Lack of planning.

Entrepreneurial Failure 6. Poor marketing and market research (which resulted in failure to correctly identify the target market).

Entrepreneurial Failure 7. Poor financial planning and money mismanagement.

Entrepreneurial Failure 8. Attempting too many tasks at once.

Entrepreneurial Failure 9. Failure to set and revise goals (to reflect changing nature of the business.)

Entrepreneurial Failure 10. Personal reasons (illness, accident).