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10 Reasons Why startup Opportunities fail: [Video]

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Entrepreneur Tips

10 Reasons Why startup Opportunities fail:

1. No Market Need
The biggest reasons why startups fail is they create a product that the market just doesn’t want. Product/market fit is essential.

2. Ran Out of Cash
Another big issue? Running out of money before you can get anywhere.

3. Not the Right Team

4. Get Outcompeted

5. Pricing/Cost Issues
The best way to figure out how to price your product is to put a price on it and see what happens. Do you get a huge number of signups, suggesting that maybe you could raise the price? Does no one bite, suggesting you need to lower the price? Can you meet your company’s costs while simultaneously meeting that sweet spot of not too expensive and not too cheap?

6. Poor Product

Sometimes, startup Founders just come up short when it comes to product. That could be because they don’t actually know what they’re doing. It could also be because they didn’t understand their field properly before jumping in,

7. Need/Lack Business Model

Once you have a plan really get the ball rolling on the business.”

8. Poor Marketing
No matter how great your product is, it’s going to fail if no one knows about it. Poor marketing is a major reason a lot of startups fail

9. Ignore Customers

10. Product Mistimed
Some startups launch before their time and either the market or the technology just isn’t there yet. Others launch too late, although they might not know yet that it’s too late.

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