Every one can open up a business, but not every one can develop their business successfully…. Have you ever wondered what the reasons for failure are? Is finance only culprit to blame? The infographic below shows the top 5 reasons why startups fail.
According to Bloomberg, 3 out of 4 startups fail within the first 15 months. But why? What are the key lessons, you can learn from the enormous percentage of failure with startups that we can implement to our own small business ?
There are plenty of reasons behind failure of a startup. Our main goal is here to point out some of the most significant causes of failure.