The Truth About Why Most Startups Fail

Smaller Startups Fail to Even Get Their Foot in the Door

teamwork as a key to success
Source: https://pixabay.com/photos/teamwork-cooperation-brainstorming-3213924/

Markets Are Rife with Competition, and This Is Terrible News for Newcomers

We have all heard it; competitive markets are always a good thing. Or are they? While this may be true for the consumer, it is certainly not the case for those of us who are a little more business-minded. Take this; the same study referenced in the previous section also cited a lack of market interest as the second most common reason why startups fail, coming in at 42%.

Startups are A Lot More Intricate Than Most People Think

Know the risks of setting up a startup
Source: https://cdn.pixabay.com/photo/2020/03/06/08/00/laptop-4906312_960_720.jpg

Conclusion

Before you throw away your dreams of launching your very own startup, there is a silver lining. Even though there is a seemingly inexhaustible list of factors that can go wrong when trying to realise a new business venture, there are also solutions to combat each and every hiccup you can imagine.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store