|
 |
Know Why
Most Startup Companies Fail
-
Inability to create a
strong business model and develop winning
entrepreneurial strategies.
-
Over dependence on a
single individual, a technology or on a predicted
specific event.
-
Mistaken estimate of
market demand for product or service. Inability to
create new customer needs, differentiate, market and
sell innovative product or services effectively.
-
Competitors may, erect
barriers to market entry, come up with more
appealing innovations or marketing campaigns,
deliberately exploit your weaknesses to conquer you
in the marketplace, or they may just hire away your
key innovators.
-
Strategic partnerships
and joint ventures often fail because of poor
leadership, cultural differences, different
strategies, or decision making practices.
-
Cash flow problems,
failure to understand capital requirements of a
growing business.
-
Unpreparedness to deal
with constantly emerging challenges effectively,
solve problems creatively, and inability to discover
opportunities in problems.
|
