#7 Why Most Startups Fail: The Top 7 Reasons

7. Bad timing

Bad timing can kill a startup (Entrepreneurs, Small Business and Tradesmens). If a startup is too early or too late to market, it can mean the difference between success and failure. If a startup is too early to market, it can miss the opportunity to gain traction and build a user base. This can be fatal for a young company. If a startup is too late to market, it can find itself competing against well-established companies with deep pockets and a head start. This can be a difficult hill to climb. In either case, bad timing can be the death knell for a startup. If you're starting a company, make sure you have a good handle on when the market is ripe for your product or service.

In conclusion, the top five reasons for startup failure are:

1) no market need,

2) ran out of cash,

3) not the right team,

4) poor product/market fit, and

5) hubris.

Many startupsfail because they simply don't have a good enough product or they are not addressing a real market need. Others fail because they burn through their cash too quickly and don't have a sustainable business model. And finally, many startups fail because the founders are not the right team to execute on the vision or they get too caught up in their own hype.

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James Leinbach

After 27 years in the trades industry, I sold my company and retired. Then two yeas later, I decided to be an advocate for those still working in the trades. My goal is to help the tradesmen to be more successful, work less hours, and to receive a high return on their time invested.

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#6 Why Most Startups Fail: The Top 7 Reasons