There are many factors why start-up businesses fail, below are some listed to help you focus on what you should be paying attention too.
- 42% No Market need for your idea or product
- 29% Venture runs out of cash
- 23% Not right people to run the business
- 19% Competition does it better
- 18% ricing or costing issues
- 17% Poor product
- 17% Lack of a business model
- 14% Poor marketing
- 14% Ignore customers
- 13% Product was mis-timed
- 13% Lose Focus
- 13% Team or Investor dis-harmony