Factors Determining Enterprises: Failure and the Viability Plan

DOI- https://doi.org/10.5281/zenodo.21238009

Abstract

        Entrepreneurship is a rare trait, and entrepreneur is a gratuitously endowed human. An entrepreneur is mix of management skills of all domain be it human, finance or marketing. Based on the castle of calculations and finding certainty among the uncertain future events and finally expecting the viable profit needs a mindset and courage of unparalleled levels.A number of new aspirations unfolds in the form of new business set up (start- up) of any segment be it service or manufacturing, however not all endeavour are destined to be a success story. The government itself in order to fight the poverty desires to adopt the route of self employment thorough such business ventures by supplementing the fiance to the prospects but the success ratio is far less then the expected. Poverty directly indicates in its most basic form the lack of financial resources / income generation capacity. There are primarily two routes of generating income either by the employment, ensuring regular income or to set up the business venture earning net profit. With the advancement of technology and automation the job creation potential is reducing consecutively, thus the remaining hope lies in self employment and opening of the new ventures. But unfortunately this is also a hard nut to crack and many ventures meet their doom before flourishing. This paper is written with an intent to explore the possible causes of failures of new enterprises and further to propound a theory of making a change in ownership from experts and resourceful to the novice entrepreneur based on the viability index (to be explained subsequently) of the enterprises. 

Key words: - Business, start-up, causes, failure, viable, strategy, transfer, enterprises