Your Startup is Doomed to FAIL if You Don’t Do These!
Welcome to another exciting episode of the Bizz Buzz podcast with Vishal Reddy, Entreprenologist, Founder of Entreprenology. In this episode, Vishal shares his personal journey of being an entrepreneur, especially coming from a family of doctors. He discusses how he has changed the lives of countless entrepreneurs and much more.
Vishal dives deep into WHY STARTUPS FAIL and what you can do to SAVE YOUR STARTUP, focusing on the most important aspects: DOs and DON'Ts of being an ENTREPRENEUR.
DID YOU KNOW?
According to various sources, 99% of startups fail within their first five years. This happens due to several key factors, including:
• Lack of market demand: Many startups fail to understand customer needs or validate their assumptions.
• Poor product-market fit: Products or services that don't solve a real market need often fail.
• Lack of skills: Founders may lack the skills needed to execute their business vision.
• Insufficient resources: Many startups don't have the capital or resources to thrive.
• Unrealistic assumptions: Founders sometimes overestimate their abilities or set unrealistic expectations.
Watch this episode for insights that could save your startup from failure!