Top 10 Reasons Startups Fail

Starting a startup in the modern world is becoming more and more difficult. In the conditions of fierce competition for venture capital, market shares and new tasks arising in an ever-changing business environment, entrepreneurs constantly render themselves in strange situations, deciding to launch their startup, and of course, many of them fail.

According to statistics, 92% of startups fail. These numbers scare most of the novice entrepreneurs. But there are real reasons for burnout. How to survive in the current conditions and not to be among these 92%?

Yes, unfortunately less than 10% of innovative projects become successful. On the one hand, this is a variant of the norm, but on the other, we don’t really want your project to be included in the list of failed ones. We stumbled upon an infographic which points to the main reasons the young companies are falling apart. We suggest that you carefully study these reasons in order to protect your project as much as possible and, if possible, prevent the failure of your innovation.
Infographic brought to you by Wrike project and time management software