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
"Turning visions int... • 3m
Why Do Most Startups Fail? A. No Market Need... B. Running Out of Cash... C. Weak Business Model.... D. Bad Team.... E. Tough Competition.... F. Pricing Issues... G. Poor Marketing... H. Ignoring Customers.. I. Scaling Too Fast... J. Legal & Regulat
See MoreStart now what you j... • 3m
Startups are booming—but many crash before they even take off. 1. Chasing trends over solving real problems – Cool doesn’t always mean useful. 2. Skipping market research – Assumptions aren't data. 3. Building before validating – MVPs exist for
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