10 Reasons Why Startups Fail

Have you ever think that, Why most of the startup Ventures fail? Here are the Top 10 Reasons why startups fail?

01) Running Out of Money – Most of the Entrepreneurs fail in their startup ventures because they run out of Money. They are too much optimistic about their product that, it is going to be accepted by the market.

02) Founders don’t have complete faith in each other. They fight instead of delegating, trusting and verifying.

03) CEO hires weak team members. Strong CEOs sometimes try to carry everyone with them.

04) Entrepreneurs want to do so much. A Successful startup finds a narrow niche that they can dominate and then expands. While most of the Entrepreneurs do? first expand and than try to grow.

05) They go after too small market

06) They don’t charge enough from their customers survive. They often think their mentors/investors are their customers, and think that a nice sale is all they need.

07) They hire too many people upfront.

08) They get unlucky. Competitors, new Technologies…etc..

09) They don’t work hard enough or fast enough or smart enough. All those little decisions add up to an outcome.

10) They don’t take enough risks. Some startups think they should operate like big firms. They can never beat MS or Google at their own game. They should get creative and do things differently, even at the risk of embarrassment.