How to identify reason of Startup Fails
As we know, a startup is a new company that builds its business in a market on a small scale, aiming t...
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As we know, a startup is a new company that builds its business in a market on a small scale, aiming to achieve a targeted goal and grow the company on a large scale. Every entrepreneur establishes their idea in the market and opens their startup for business. But not all entrepreneur are successful in their startup; many startups are closed within a year. For some reason, we can identify the reasons startups fail, like no market needed, which means they sell a product that has less profit and is less demanded, so the market does not consider that product as compared to other products. Running out of cash due to poor financial management is a big reason many startup goes down. When they start their startup, all things are good. After some time product does not sell as much they think they face a financial crisis in business. And the other reason is Bad leadership, and weak team members. If you really want to make your startup strong and reliable, you must have leadership skills, and you must have a good team who have understanding skills. And always take feedback if you really want to identify the reason for startup fail u take some feedback from customers, which will be helpful forthe improvement of the startup
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As we know, a startup is a new company that builds its business in a market on a small scale, aiming t...