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Kingdom Entrepreneurs


“Therefore whoever hears these sayings of Mine, and does them, I will liken him to a wise man who built his house on the rock: and the rain descended, the floods came, and the winds blew and beat on that house; and it did not fall, for it was founded on the rock.” – Matthew 7:24-25 (NKJV)

Since sin entered the world through Adam and Eve’s disobedience, death has become a part of the human experience. People and organizations die. However, just as you can extend an individual’s life through diet, exercise, and self-care, the life of a business can also be prolonged and fortified. Before delving into how to prevent business failure or, at the very least, extend its lifespan, let’s explore the top 25 reasons why businesses commonly fail.

Here are the reasons why:

  1. Under funding 

  2. Lack of planning 

  3. Inadequate management team 

  4. Ineffective marketing 

  5. Lack of preparation 

  6. Unwise counsel 

  7. Lack of innovation 

  8. Complacency 

  9. Premature launch 

  10. Moral failure 

  11. Lack of community 

  12. Lack or insufficient systems 

  13. Rapid growth 

  14. Bad management

  15. Lack of focus and perseverance 

  16. Health failure 

  17. Government interference 

  18. Natural disaster

  19. Marital instability

  20. Family dysfunction 

  21. Bribery and extortion 

  22. Terrorism 

  23. Lack of clarity of purpose and mission 

  24. Pride 

  25. No exit strategy 

Drawing from my 25 years of experience working with entrepreneurs across diverse backgrounds, industries, and business stages, though you can not prevent business failure, I believe it is possible to increase your chances of business success by at least 50%. 

written by Patrice Tsague of Nehemiah Entrepreneurship Community

Dates: 1/24/2024 thru 3/20/2024 @ 10am to 11:30am EST


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