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Mohit Kumar

Building ElevateRes.... • 1y

What you think the most obvious reason for startup failure. For me it is not having huge market and the solution is not that good that customer will pay for it. Tell me yours in the comments. Let's discuss about this.

Ananya Agarwal

Learning • 1y

Good product, wrong market.

Mohit Kumar

Building ElevateRes.... • 1y

Strongly agree, but how to solve this problem?

3 Replies

Replies (3)

Ananya Agarwal

Learning • 1y

I will give you an example, In the area , I live there is a main road kinda thing where there's a lot of youth roaming around here n there So there's this cafe there which is always always crowdy as everyone likes to chill there. There food is avg , there r doing fabulous because of the area they've started their business in, and meanwhile another good cafe in the area, which has good food is not doing so good because it has opened in the wrong area where usually old people come for walk and they're OBV not gonna come and sit in a cafe.

Mohit Kumar

Building ElevateRes.... • 1y

Yeah, the point is to find the PMF, right? Ananya?

Ananya Agarwal

Learning • 1y

I think this problem can only be solved by a good strategic manager in a business, You can test the product in the market , you're planning to sell in and understand what customers want in that market or just tell people to use your product. Or just figure out the best market for your product first then launch it there.

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Why do most startup fail?🤔🤔 --》 Most of them don't solve the problem they solve something that they feel as problem Solution- If you feel it is a problem to solve So, then after do research about it and ask the people is it actually a problem for