This essay's goal is to investigate the elements that contribute to SME failures. These influences originate from both internal and external sources for these businesses. Following an analysis of all these variables, the study will aim to make some recommendations to lower this high failure rate. This study is qualitative in nature, and it was carried out with the aid of a sizable body of literature. According to research, marketing management, production and operation management, financial management and accounts management, and human resource management are the most crucial variables in business failures. The study suggested that in order to help these businesses lower this greater failure rate, appropriate training, knowledge, and information facilitation should be set up along with institutes. If these suggestions are implemented properly, a higher success rate will be simpler to accomplish.