Failed Because of Not Considering Needs

[sohanuzzaman54]

Around 42% of startups fail because they do not provide answers to the problems that are happening. In fact, problem solving is something that many people need.

For example, the problem being faced is the difficulty of selling to many people throughout Indonesia. The solution is a platform that will bring together sellers and buyers.

These are the things that make startups survive well or fail midway. The incubation process at the beginning of creation is very important to prevent failure.

4. Business Fails Due to Cash Flow
More than 80% of businesses fail because of financial list of henan cell phone numbers issues they have. Failure can happen in the first year so that startup owners cannot see success.

This money problem failure arose because at the beginning of the company's establishment, the amount of funds owned was very small. This means that it was not enough to cover daily operations, let alone to innovate.

In addition to the lack of initial capital, the miscalculation of “burning money” activities also causes failure. After giving promotions, the profits do not come.

5. The Startups That Fail the Most
Startups that we often hear about are generally engaged in sales and services. In fact, there are a lot of startups, both in information technology, mining, insurance, to construction and manufacturing.

Startups in the information technology sector are the ones that fail the most. At least more than 60% cannot run their business properly and eventually close down.

Next, there are manufacturing and construction businesses that have failed up to 50%. Insurance and finance have also failed above 55%.