13 common problems that cause startups to fail

Tags Startups

Startups are becoming increasingly fashionable in the modern world; however, not all will become great successes. Here are 13 common problems seen in startups:

1. Small/unscalable ideas
2. Lack of market research
3. No go-to-market strategy
4. Focusing on multiple business ideas
5. Not knowing when to cut losses
6. Lack of passion and persistence
7. Inappropriate leadership for a startup
8. Unmotivated team members
9. Lack of mentor/advisor assistance
10. No revenue model
11. Having less capital than necessary
12. No long-term roadmap
13. Bad luck/timing

Source: www.forbes.com