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Why Do Some Businesses Fail in Today’s Market?

November 19, 2020 by Polly Leave a Comment

If you ask just about anyone on the street corner, they could tell you a few reasons why businesses fail. Usually, someone would say that a business fails because they run out of money. While this is very true, there are many more problems than that.

I have come up with a few reasons why some businesses are failing, and how they can get back on track. It is one thing to know why a business is failing, but it is a totally different animal to actually come up with a plan to succeed. [Read more…] about Why Do Some Businesses Fail in Today’s Market?

Robotic toymaker Anki to close down

April 30, 2019 by Sam Francis

Anki, a startup company which made robotic toy cars and trucks, is planning to close its doors, according to a report on the Recode website.

The company had raised more than $200 million in funding for the venture, and generated $100 million in revenue in 2017, but is now making all of its 200 employees redundant.

In a statement to Recode, the company says that it had been left “without significant funding” which meant it could not finance its hardware and software development plans going forward.

[Read more…]