Ask Is it possible for people to know business that will fail even when they have not started?

[Btaliat]

Most times, business fail along the line. I mean in the course of running such a business. This make me wonder if those that have their business failed dont have the preknowledge that the business would fail from the onset.

There are most times that a business owner always pay little or no attention to signs that a business that wants to fail is showing. They always believe that it may not really fail until such a business fail.

What do you think about this?

 

[Newman]

Yes. It is possible. People can easily carry out surveys before they start a business. From this, they can easily know the business that will not last, or that may fail. However, the survey has to be accurate for this to be so, of not, there may not be accurate result.

 

[Dean101]

Usually, it's obvious if the market's already crowded, the idea isn't solving a real problem, or the planning's super sloppy. Stuff like underestimating costs or ignoring what customers actually want is a big warning sign too. Experienced folks often just go with their gut plus a bit of research. Some businesses surprise everyone and take off anyway. It's mostly about spotting red flags

 

[Newman]

From the feasibility study, it is possible for the business owners to know that a business may fail. However, this doesn't mean that it is not possible for the business to still fail despite the fact that it shows you the signs. You only need to be dedicated and as well put much effort