Why do people fail in business?

Question

No doubt lots of people venture into business with the intention to make profits from the business and also to sustain It for a longer period of time but after a short period of time some people just have to quit. What are the possible ways that made them fail in business? 

Answer 1

The most common reasons small businesses fail include a lack of capital or funding, retaining an inadequate management team, a faulty infrastructure or business model, and unsuccessful marketing initiatives.