Startups are hard. Every entrepreneur expects a happy ending. But many new businesses fail. Most startups never get past the first year of operation. Half of all new businesses in the U.S. fail within the first five years? Startups fail for the same reasons including, poor allocation of company resources and funds, inability to market/sell, manage, adapt, scale, and building products people don’t want.
Some entrepreneurs choose to share their experiences with other aspiring entrepreneurs. Venture capital and angel investment database CB Insights recently studied 101 startup post-mortems to discover the most common reasons new businesses fail, straight from the founders themselves.
Check out the top 10 fatal startup mistakes below. Infographic brought to you by Wrike self hosted project management software.