It’s very exciting to finally build your own company, apply your entrepreneurial business skills and start making a profit. But what happens when things go awry and your startup fail? It would be way easier to know the common reasons startups fail before going down the path, wouldn’t it?
Red Website Design shares 8 common reasons startups fail in this infographic.
Here are the key points they pick:
Lack of planning
Underutilising technology
Marketing to the wrong customer
Overspending
Underspending
Lack of an online presence
Failure to delegate
Playing down your competition
Check out the infographic for more detail.
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This article was originally published in 12 June 2018. It was most recently updated in November 25, 2022 by
