Most start-ups fail to survive more than a year or two after their launch. In most cases, failure is not the result of a flawed business idea. Instead, the problem lies with the way a business is handled. A variety of factors come into play to make any business a money-making machine. Similarly, there are several factors that contribute to a business’ failure.
The following outlines the startup mistakes that can inch a business closer to failure. Read on.
Insufficient Idea Development
Start-ups don’t fail because the business idea is awful. Rather, they fail because entrepreneurs don’t plan the business before putting the waters to test.… Continue reading »