15 reasons why businesses fail (and how to succeed)

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Whilst failure is a reality for some businesses, you don’t have to go through it to learn from the mistakes of others. In this article, we look at the top reasons that regularly cause small businesses in the UK to cease trading. 1. Poor cashflow Cashflow is the lifeblood of your business, without it, you cannot survive. Even the most profitable firms can find themselves going out of business because their cash is tied up in unpaid invoices. 2. Lack of focus If your business is trying to be everything to every man, then you’re bound to overstretch yourself and

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