6 Reasons, Why Startups Fail?

Have an idea to start up a new business? Consider giving it a serious time for contemplation. Only 10% of start-ups are able to find a way out to success from the remaining 90%. The 1:9 ratio is neither a joke nor a rumor, but a grave fact. So, if you are somehow hardwired and hardbound to startup a new business, the chances are you would probably fail? Would you like to know why? Now, before you answer that, ask yourself an honest question - Are you searching for an idea or searching for a solution of a problem? If you are searching for an idea, stop kidding with yourself right away - or else it will lead and doom you to a road to nowhere. If you are looking for a solution to a market issue - I would probably say that you are on the right track. But, this ride to finding success with a startup is almost as impossible as finding fish in a dead sea.

- Abhi Kanel

Folks...stop searching for a business idea and instead search for a problem fix! The startup failure post mortem have now become so ordinary, general and common - of course due to 9 out of every 10 startups failing, that it’s practically become a Silicon Valley cliche. Hence, with all the experience of shutting down of new businesses, it is quite customary for startup company founders and owners to jot down the insights for rest of the community to avoid making the same blunders - that eventually rob the businesses out of its existence.

The idyllic stereotypes of startups might look truly thrilling, amusing and full of stardom from the outside as they build new markets, deconstruct the old ones, gather ridiculous amount of investments from venture capitalists, design the best office interiors, and put up crazy launch parties, but the ruthless and harsher reality is all hidden from the light of the day. The more extravagant these parties and offices look, the more money gets tossed away - completely lowering down the chances of meeting success - in addition to that, violating the trust of venture capitalists and investors.