REASONS FOR STARTUP FAILURE IN THE BUSINESS:
POOR MAEKETING: knowing how to get attention and convert them to leads and ultimately customers is one of the most important skills of a successfull business. the inability to market function of founders who liked to code or build product. suppose it was time to do marketing. unfortunately no one of us was skilled in that area. even worse no one had enough time to fill the gap.
BAD PRODUCT EXPERIENCE: people are used to great interfaces like slack, gmail. great products like whatsapp, zomato have taken product development to the next level and spoiled the customers for eternity. our customers should be able to differentiate your product from competition not just from its value but also the experience.
LOOSE FOCUS: founders are idea people and they mostly get carried away with ideas. in serious bussiness this could lead to distraction and waste of resource. some startups try to expand their offerings too soon or begin to focus on many of things at a time.
BAD DEBTS: in intial days most startups agree to work on credit and often make the conditions worse for the business. in order to show intial traction it is often difficult to avoid credit requests. in such scenarios if the clients gets mischevious or goes in a financial crunch its our business which suffers
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