Startup Failures

Reasons Why Start-ups Fail

 

 

As we all know that there is a rapid growth of start-up culture in India, The cities like Bangalore, Mumbai, Delhi, Hyderabad, Chennai, Pune are major start-up hubs. But unfortunately 80 percent of start-ups getting failed, In first 3 years and it’s a fact to be accepted. Below are some major reasons my blog came with.

•      Lack of Passion and Domain Expertise.

•      Having right stake holders if any.

•      Right Team.

•     User unfriendly Product

•      Poor Management.

•      Insufficient Capital.

•     Lack of Business Planning.

•     Poor Marketing.

•      Operational Inefficiencies i.e. too much spending.

•      No Mentors and Advisers.

•      Founder Unable to Take Proper Decisions.

•      Lack of Location Planning.

•      Disharmony with Investors.

•      Accounting.

•      Unaware of competitors and Market Conditions.