Top 7 Reasons - Why Most Startups Fail?

Hello friends, welcome to the family of do your own business tricks… today in this article we are going to tell you why most of the startups fail. If you are thinking of doing a startup or you have started your startup or have been doing it for the last few days or for a few months then this post can be of great benefit to you.

Friends, before reading the post further, we are going to tell some such truth in front of you which you may already know but there will be many others who will not know about it. When 100 startups are started, 90% of those startups close in the first month or just fail.

After that, within the next 6 months, out of the remaining 10% startups, 5% of startups shut down after failure. Finally, by the end of 1 year, 3% startups are closed and in the end only 2 out of 100 startups able to succeed. What is the reason behind this… Because out of 100 %, about 98 %startups fail.

Now we are going to tell you some such things which we have taken out by recharging online, some have been taken out from our experience and some have been learned from the experience of others, what is the reason why startups fail… This post has been written only for the entrepreneurs who started, let us know 7 reasons for startup failure.

Must Read : Top 4 ways to grow your business

1- Their entrepreneurs live in a vacuum

Friends, startup is not a big deal, some people start working together on any one idea in which they want to be successful or that Idea gives a solution to a problem that makes people's life easier… it is called startup. But it is equally difficult to access it.

Here we are talking about why startups fail, you must have read the point on that… their entrepreneurs remain empty, this means that the team of startups is small, all people have to work by forming a good team. All people work with their hard work and dedication, but after some time the entrepreneurs themselves stop working and start expecting from others to get the work done, here we have to learn a little, if we are an entrepreneur then will have to work with your hands and work together in the team with the team.

 

2- Don't have team co-ordination

Friends, you must have heard an old said statement, where four utensils are kept, there will definitely be a sound, just like where four people work together, then there is always some differences between them. But sometimes these small differences take a big form, which we say that the coordination has deteriorated. It is very important to have co-ordination in the team of this startup, if there is a slight problem in this co-ordination anywhere, then understand that your startup is in danger situation. The biggest reason for this co-ordination gap is not to give importance (value) to things and not to have self-discipline in the professional life… all these points are not only for your personal level, they all are related to your startup.

Here we want to tell you one more thing… this is our own experience, both personal and professional things should remain separate, this is just a thought, which is also a big challenge to control, if you control this challenge, then you will be successful in your start up.

 3- Due to insufficient cash (Money For Investment)

The team member starting any startup, whether it is 2 people or four, everyone has a limited amount to run their startup. After 6 months or a year, everyone expects that the idea we are working on will start earning for us some money, if there is no money, then our startup starts facing problems in moving forward. That's why it is very important to arrange cash, otherwise your startup may fail or stop.

 

4- Poor strategy

This is a big factor because it is easy to create a strategy but it is equally difficult to work according to it… Strategy is a very important part to take the startup idea to a big level. When entrepreneurs want to take their startup idea to a next level in the market, then a strategy has to be made for that.

All the entrepreneurs who are in the Startup India team, there should not be any gap in their plan, their thinking and understanding, if there is a slight gap anywhere in the strategy plan then it can prove to be dangerous for your startup because unless It will not be clear to all the team members that what we have to do next, till then the team member cannot give their 100% efforts in work.

 

5- Their idea doesn’t solve a big problem (can’t give a solution)

Like we told you at the beginning of the article that it is not a big deal to start any startup, the big thing is to make it successful and whatever your idea for how your startup will be successful, it should be a solution to a big problem.

If we talk simply, your startup idea should be the solution to the problems around you, if it is not so then there is no guarantee that your startup will be successful.

Must Read : Why it is important to have a business plan?

6- Competitors with existing solutions don't give up so easily

All the competitors in your business startup do not give up so easily, here you have to be very careful and take each step very carefully, if you have made a slight mistake in taking any step here, then you will have to face a great loss may have to be suffered. Because no one wants to fail after starting a startup. Other entrepreneurs in the market like you also think the same, that's why no one gives up easily.

7- They listen negative thoughts or advices from the wrong people

Another biggest reason for the failure of a startup is that its entrepreneurs take or listen to bad advice from some wrong people, due to which their thinking and understanding power becomes weak and they get start bringing negative thoughts in their mind. Our advice to all those entrepreneurs is to find a person who can eliminate your negative thoughts and fill a positive energy motivation inside you.

Friends, in this post, we have told you 7 such reasons due to which most startups fail, how did you like this post, tell us by commenting and if any of your friend's relative is doing his business or wants to do business, then Do share this post and it may be useful for someone. Thank you.

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