SHARE


This post is meant to aggregate reader lessons on why your business failed. A lot of startups don’t get past first year of operations. This question would be relevant to only people who actually tried and failed. A lot of entrepreneurs have learned lots of lessons from their previous failures and have moved on to startup successful businesses.

Some reasons for startup failure:

-Wrong people working on the right idea
-wrong hiring hence poor management
-Too many dependencies for your business to succeed
-Wrong business model
-You may have also been behind competition
-You were swallowed by the competition
-You gave up because you were cash trapped
-Maybe your investors pulled out
-Approach to market was not done right.

SHARE YOUR FAILURE LESSONS WITH READERS IN THE COMMENT BOX. whatever your reason for folding up your business, we would like to hear about it. You can also share this post with an entrepreneur who can share his or her lessons with us.

SHARE

Thinking about building your own website or blog? It’s easier than you think! 
Want to start a WordPress blog in 5 minutes? The Alltopstartups blog is hosted by Hostgator Web Hosting. For only $3.96 a month, Hostgator can help you set up and host your online business/blog easily. Because Alltopstartups.com is a Hostgator affiliate partner, our readers can visit this page to receive a 25 percent discount off the monthly price with the coupon code "Alltopstartups25".


Thomas Oppong is the founder @Alltopstartups.