7 Problems Preventing Your Business From Being Profitable

There are many reasons to become an entrepreneur, but no matter what yours are -- even if they don’t include getting rich -- your business still needs to generate a profit.

Without one, you can’t keep the doors open, and you can’t keep doing what you love.


Unfortunately, the majority of new businesses ultimately end up failing within the first few years. In large part, this is due to an inability to generate a sufficient profit, and it’s not a problem to scoff at -- even businesses built on solid ideas can suffer from a lack of profitability.

So, what prevents businesses from being profitable in the first place? Here are seven major problems.

6 Reasons Your Business Won't Make You Rich

There are many reasons to enter the world of entrepreneurship, but the one that seems to draw the most newcomers is the prospect of "getting rich."

Some studies illustrate how entrepreneurs, over the course of their careers, tend to live happier lives and make more money doing so. And occasional stories of breakout entrepreneurs selling their businesses for millions of dollars naturally pique everyone’s interest.


No wonder why so many people strive to own their own businesses for a shot at that big bank account. But it’s unlikely that merely owning a business is going to earn you the riches you seek. Here’s why: