First, just accept how you feel. ... Establishing Effective Guidelines to avoid Failure and Reducing Risk in E-Business. Left to our own devices, most of us will speed through or avoid failure analysis altogether. You can check out this article by Diggity Marketing. But you can’t avoid it either unless you avoid doing anything at all. Some conclude that a business failure occurs only when a firm files for some form of bankruptcy protection while others contend that there are numerous forms of Failure is a topic most of us would rather avoid. How to avoid business failure: 01 There are three main reasons why businesses fail, according to accountants and business advisors, Cooney Carey. Most failures are a result of Financial, Trading or Management issues, or a combination of these. How to avoid business failure: 02 There are three main reasons why businesses fail, according to accountants and business advisors, Cooney Carey. Have your accounts properly audited at least every 12 months. Most failures are a result of Financial, Trading or Management issues, or a combination of all three. Of course, the best scenario is to avoid a crisis in the first place, and the best way to do this is to introduce a financial management strategy: Prepare and follow a business plan. There are other factors or reasons an entrepreneur might experience business failure but the above 10 from my years of experience in business are the major causes of business failure. PDF | E-business is one of the most important business forms. Use professionally prepared management accounts to monitor your business. Bonus: Download a free step-by-step checklist that will show you how to overcome failure (it's easy to save as a PDF or print out for whenever you need it during your day or week). 1. But ignoring obvious (and subtle) warning signs of business trouble is a surefire way to end up on the wrong side of business survival statistics. March 2014; Authors: Adel Hamdan Mohammad. If problems are recognised and treated early, then failure is not inevitable, says CONCLUSION. 6 “Some of the Reasons Why Business Fail and How to Avoid Them.” Entrepreneur Weekly, Issue 36, 3-10-96. You need your online business to be accessible all the time, site mobile-friendly, and very fast. If these problems are recognised and treated early, then failure is not inevitable, says Page 2 of 9 What is business failure?