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SHIV DIXIT

CHAIRMAN - BITEX IND... • 1y

Why 95% Startup Fails ? What's The Most Common Mistakes ? 1=} LACK OF MARKET RESEARCH — Start-Ups is assuming that there is a demand, for their product or service without conducting market research. This can lead to investing resources in cluttered Market. 2=} INSUFFICIENT PLANNING — Most of the startup don't have any business strategy or excustion plan etc . 3=} IGNORING THE COMPETITION — Ignoring potential competition and their weakness or strength lead massive failure. 4=} OVEREXPANSION — startup sometimes grow quickly by expanding their operations or product lines before establishing a customer base. This can strain resources leading to instability . 5=} UNDERESTIMATING COSTS — most of the startup ignoring small costs and charges or many things. 6=} NEGLECTING MARKETING AND SALES 7=} FAILING TO ADAPT 8=} OVERRELIANCE ON FUNDING 9 =} NEGLECTING LEGAL AND REGULATORY COMPLIANCE 10=} POOR TEAM DYNAMICS 11=} BAD LEADERSHIP 12=} BAD CASH MANAGEMENT

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Hey I am on Medial • 1y

Do u think that many people especially students are going for their own startups which will eventually lead to intense competition in the near future and people would have no ideas left to work on because the market will become very cluttered?

Yes

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SHIV DIXIT

CHAIRMAN - BITEX IND... • 1y

I think most of the people's think that their startup will be most unbeatable and amazing startup ?

yes

Votes: 33

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