Why Do Startups Fail and How to Avoid it Top 3 reasons are what I call, "Tripple M": Market, Money, & Manpower. Infographic: The 20 Most Common Reasons Startups Fail and How to Avoid Them Read more at cbinsights.com & entrepreneur.com Why Most Startups Fail? (and How You Can Avoid It?) Starting a business for the wrong reason Poor management Inadequate funds (lack a proper understanding of their cash flow) Location is important (better close to where your customers are situated) Inappropriate business planning Overexpansion No website or digital presence One more important factor, you, the owner. (Do you have passion, hard work, determination and a positive outlook?) Read more at business.com 7 Reasons Startups Fail--and How to Avoid Them Failure to find unsolved customer pain Reluctance to get feedback on prototypes No passion for the market Lack of skills needed to win Ignoring cash burn Inability to raise capital Weak team, poor leadership Read more at inc.com Top Biggest Startup Mistakes and How to Avoid Them Build a product that nobody wants -> Validate ideas with real users. Spend too much time on MVP -> Fake it before you make it. Didn’t spend enough time on culture since day one -> Care about your employees. Focus too much on competition -> Focus on product / Market Fit Didn’t learn from data -> Track analytics since the first version, … Didn’t communicate -> Set goal and communicate, … Focus on wrong things -> Don’t rely on vanity metrics, … Read more at: techstartups.com 4 Best Practices to Avoid Startup Failure Maximize your resources Leverage your network Build a learning culture Have an MVP (Minimum Viable Product) Read more at entrepreneur.com