The worst part about a failing business is that the entrepreneur is unaware of it happening until it is often too late.
According to me I say that, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months.
But why ? Did you have think about it ?
Thus I give you 5 reasons for failure and more importantly, what you can do to avoid it happening to you :
Not really in touch with customers through deep dialogue.
No real differentiation in the market ( lack of unique value propositions )
Failure to communicate value propositions in clear, concise and compelling fashion.
Leadership breakdown at the top.
Inability to nail a profitable business model with proven revenue streams.
One of the sad realities of business is that only a small percentage of all startups succeed. We all know there are plenty of reasons why businesses fail, but what are the reasons they succeed?
By examining successful companies, we gathered the following reasons businesses succeed:
Speed to market.
Quick to Adapt.
Knowing How to Attract Investors.
This are the some Tips of Fail and Succeeds. Yes, it is true that most businesses fail. It is also true that many of them succeed.
Think and move quickly, ‘fail fast if you’re going to fail at all, and nail your business model.