What are the top reasons why most startups fail? Let's explore.

1. Top 6
Reasons
Why
Most
Startups
Fail

2. People starting a new
business don’t like
thinking about failures.
However, 80% of
startups fail within 18
months and the main
reason behind this is
not their idea but
problems like poor
strategy and funding.

3. Here we’ve discussed the 6 most
common reasons that tend to
drown a startup before it has even
sailed properly.

4. 1.
No One is
Going to
Fund Your
Startup

5. Money is one of the important ingredient behind success
of any startup. VCs only finance about 1-2% of the
ventures they see. So don’t fool yourself in believing that
you’ll raise money if you need funding to pay your bills.

6. 2.
There Is No Co-Founder

7. Going solo might seem easy at first but it’s not. All the
stress that comes with the workload is too much to
handle alone. Partners are needed to keep the morale
and to brainstorm new ideas.

8. 3.
You Ignore Your Customer

9. Ignoring customers is the fastest way to failure. Don’t guess about
their needs, listen to them to know it. Customers have their own
vision about the product and it’s your job to meet the expectations.

10. 4.
Your Startup is in Stealth
Mode for Too Long

11. Stop waiting to perfect your product before launch. Too much
time will change the parameters and demographics you were
aiming for. Launch the product and adapt as you move along.

12. 5.
The Team Doesn’t Have the
Competence

13. A team is what makes or breaks up a business. Hire people
who can complement each other’s strength and make up for
the weaknesses. You have to attract and retain the correct
people for any chance of success.

14. 6.
Thinking That Your Idea is
Special

15. Opening a new startup
often leads to thinking
that your product is
unique while in reality it
most certainly is not.
Don’t ignore your
competitors if you want
to succeed.

16. It is important
that you spend
some time to
understand what
went wrong so
that you can work
on it.
Take some time to
fix what’s broken
else you will have
no one but
yourself to blame.

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19. References:
6 Reasons Why Your Startup Will Fail – Asian
Entrepreneur