Why Do Startups Fail? Why Do Startups Fail? Photo: Photo by Ian Schneider on Unsplash
Startups are daunting and arduous for every entrepreneur, and they demand a considerable amount of resources. But sometimes, even after coming up with a product that will turn people s heads and after putting incredible amounts of effort into it, startups more often than not fail.
Reasons Why Startups Fail
Here is a list of reasons why startups end up failing; they are listed in no particular order.
Not enough Cash
Running out of available funds or not raising enough funds to cover expenses is one reason that causes startups to struggle and fail. But what makes them run out of money in the first place?