The Top 10 Reasons Startups Fail

It’s no secret that the majority of startups fail, and quite quickly at that. There are a number of reasons for this and recent surveys have found that the successful entrepreneur has failed an average of 3.8 times before hitting the big time!

That doesn’t necessarily mean that you have to fail that many times, however just because one business doesn’t work out, shouldn’t mean that you stop trying.

You will want to do everything to make this one hit the jackpot so the following infographic by Wrike.com, might be of interest to you. 101 failed startups were analysed and the top 10 reasons as to why they failed have been detailed. Take a look and make sure you’re addressing all of these to give your business the best chance of making it!

 

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