Business is studied as an extension of the Empire.
we all know, to start a business, you should have land, labour, capital and skill.
These ideas are borrowed from Empire management.

let we understand why our education outdated they still insisting on four principle,
LAND/ LABOUR/ CAPITAL/ SKILL

To establish an empire you needed land, that’s why we have seen a lot of War in histories. In those days land was the only way you could raise resources. So land was considered as the first priority for any Empire. Later the same concept applied to business.but today you don’t have to have a land for doing business primarily.

Labour was the next priority for a king to develop his kingdom. He totally relied on his own farmers and an advantage of winning a war was to use those people as slaves on the farm. a King should own more slaves to prosper his kingdom. Now, In today’s business, you don’t need direct staff to work for you and there are so many contractors and freelancers to help.

Capital was needed. So the King used to make war and loot to flourish his own kingdom. Now the banks are ready to lend. And the capital can help to buy Land and Labour. So to start a business you require just capital.

Skill, Its was the skill that helped humankind to flourish on this Earth . the king can Rule only through his skill. The skills are required to manage and develop the Empire. The king who is smart in managing his own people and help his nation to grow with development projects (including Huge Army) has survived in history. The same here in business but today you have a lot of consultants of different skills to help you. So this principle was also defeated.

the only real principle was useful from our studies…..Capital

Okay
then why?
Business fails

In this world, Business often fails not due to the market conditions but due to the ideology of the person behind business. The two main factors cause the business unsuccessful, whenever a person is proven to be unemployable, he chooses to start a business. To be a successful businessman one needs a great vision, ambition, thick skin, immunity to discouragement, ability to live in isolation, and should have enough capital to bring in when there is no business to meet overheads. Here, in this world, the businesses are treated as refugees by some people and as an alternative to employment Some people enter business to compensate rather than to execute their skill..

The second factor, Once a person entered in business they still work like an employee not as an Entrepreneur. They never delegate the work, never look out for consultants to guide them, never attend seminars to gain knowledge on their respective field, the participation to the development of Entrepreneur skill is totally absent. They do the entire work, feel tired and loose interest in the short term. The very urgency to meet the success without applying necessary tools are the main cause of failures….

Finally
The concept of business was first you have to run your business to pay your expenses then share of profit. But due to ignorance New businessmen take their share first and look out for paying expenses. If your business is new then you have to cover the expenses first and then remaining will be carried forward to meet the future expenses till it consolidates. If not…Business Fails here.