Reasons Why Most New Business Ventures Fail.


Business / Friday, February 16th, 2018
  1. Because their founders launch without being truly committed to their success.
  2. They fail because a would-be entrepreneur becomes convinced that a lousy business idea is brilliant or because he doesn’t understand the market he is targeting.
  3. They fail because their leaders don’t hire right people or offer the best people a good reason to join the venture.
  4. They fail because the founders don’t have enough capital, don’t know how to communicate effectively or don’t adapt to take advantage of new opportunities.
  5. Sometimes they fail because of bad luck, but more often and this is key. Unsuccessful entrepreneurs blame bad luck because they don’t understand what actually caused their failure.

 

CREDIT: The intelligent entrepreneur, Bill Murphy

 

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