Business · Companies · 16 hrs ago
Entrepreneurs cite costs and weak sales among reasons small projects close
Entrepreneurs say rising costs and weak sales are closing small projects alongside repeated business ideas and gaps in financial and marketing planning.
Business consultant Mohammed Al-Harbi says a business does not need a completely new idea, but it does need to meet a real need and attract customers willing to pay.
Market research and a hard-to-copy advantage can improve a project's chances, along with suitable prices and a workable profit margin.
Former entrepreneur Rayan Al-Tamimi closed his project after costs rose and sales fell, making continued operation uneconomic despite efforts to cut expenses.
Former entrepreneur Rakan Al-Anzi also closed his project after facing high costs and competitors offering attractive prices and deals.
Both former owners are considering new projects and say they plan to study customers, competitors and finances more carefully.
Closing a business can prevent further losses and inform a better-planned attempt, while entrepreneurs say quality, customer service and careful cost management can help a project continue.
Entrepreneurs and a business consultant say weak sales, rising costs, repeated ideas and poor planning can lead small projects to close.
Business consultant Mohammed Al-Harbi says projects need paying customers, suitable profit margins and a competitive advantage, not necessarily a groundbreaking idea.
Former entrepreneur Ryan Al-Tamimi says he closed his project after rising costs and falling sales made it economically unviable.
Former entrepreneur Rakan Al-Anzi says high costs and strong competition also contributed to his project’s closure.
The article says market research and understanding customer needs can improve projects’ chances of success.
- Who
- Business consultant Mohammed Al-Harbi and entrepreneurs, including former business owners Ryan Al-Tamimi and Rakan Al-Anzi.
- What
- They describe factors behind small-project closures and ways to improve the chances of success.
- When
- The article was published on October 15, 2026.
- Where
- Not stated.
- Why
- Weak sales, rising costs, poor planning, limited cash flow and competition can make projects economically unviable.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Publication date
- October 15, 2026
- Business consultant
- Mohammed Al-Harbi
- Former entrepreneur
- Ryan Al-Tamimi
- Former entrepreneur
- Rakan Al-Anzi