Reason #1 - "All alone".
Businesses are usually started by experts. Good chefs open a cafe or restaurant, marketers open their own agency, tattoo masters open their own parlour. But business is fundamentally different from wage labour.

Reason #2 - "The idea is there, but there is no demand".
You are burning with the desire to make your idea a reality. Your parents, your wife, your grandmother are all excited about it. But very often it is not enough.

Reason #3 - "Acting without a plan".
A business plan is not a formality, it is your roadmap to success. Planning is a basic tool that is essential for an entrepreneur. Acting without a plan is like building a house without defining the layout.

Reason #4 - "Saving on advertising
Most entrepreneurs close their business due to lack of customer flow. Unless you have calls and orders, all your efforts will be in vain.

Reason #5 - "Taking money wrongly".
Budding entrepreneurs commit the sin of taking money out of their business project little by little for various needs or wants. The money that comes into your bank account is not your personal money.

This is just a small part of what you need to consider when building your business. If you need advice, contact PAnDiKubiz Cyprus. Our experts will advise you on the best way to develop your business.