The idea of founding a startup sounds exciting because it means pursuing your own vision, it means making your own rules. However, the road to get there is rarely easy or comfortable. Even maintaining your own business requires hard work and dedication, especially if you want your startup to keep growing!
But, what are some of the reasons startups fail?
Studies have shown that from the past few years, 90% of startups fail. While some of the leading causes are related to the lack of market need for the product, others have to do with poor execution and operational strategy.
The good part is that you can overcome each one of these reasons! Rather than just focusing on what it means to start a company, it’s essential that you anticipate the risks and challenges that come with founding a startup!
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