Any business To Succeed.

There is a debate. it is about the business in general. Why do so many business fails? Why do so many others succeed?

Prudence  could be an answer. But many who have managed with great care and wisdom have failed.

It is luck.Yes, it could be. Luck is a  predominant factor. That is not in your hands. There comes in the unknown. The unknown could be the divine to many and might be else to the non-believers.

 It is the time.  The timing is important. The tide is to be followed. Entering a business when that particular branch of business is dull would not help you.  This is to the manufacturing industry.
Say, if textile markets are very slow, it would be a mishap if you start a textile oriented industry.

It is the funding. The financial institutions give you a loan when you need then you could make use of them and earn  a profit. If they delay then the business would suffer due to lack of funds The profit margin would dwindle.

 The last could be skilled labour.
Skilled labour is the chief factor that accounts for the profitability. The production per shift counts. if the production goes down the profit also goes down, If there are faults in manufacturing the quality of the product  is lost. Selling would become difficult.Stocks would pile up. The profit margin would decline.

These factors are to be  taken care off for any business to succeed.