13 common problems that cause startups to fail

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