Most startups fail, but many failures are avoidable if you understand the common pitfalls and how to navigate them!
The Big Three Causes of Failure 💥
- Poor Product-Market Fit
- Wrong market timing
- Not enough potential customers
- Product doesn’t solve a real problem
- Bad Execution
- Poor team chemistry
- Running out of money
- Scaling too early/late
- Bad communication
- Wrong Capital/Sales Strategy
- Spending too much before product-market fit
- Bad sales approach
- Poor investor relationships