5 top reasons why startups fail!
1.Market does not need such a product but you continue to develop it!
2.Working with the wrong team is the most awful reason to fail. If you are not able to accomplish your tasks due to internal issues, you need to definitely change your team!
3.Did you check your revenue and cost balance? Some start-ups develop really costly products but have shortage in revenue and underperformance in sales.
4.Monetization Strategy! If founders have no business model and monetization strategy, we might say that the product is destined for failure.
5.Only few start-ups consider legal challenges. Unexpected legal issues can occur in different countries, so always check the legal structure of the country you want to operate in.