CB Insights a market intelligence platform analyzed why 110 Tech Companies failed. The second most common cause of failure was that there was no demand for the product or service. How can you avoid spending hours and money developing your business only to find that no one, or at least not enough people, wants your …
Tag Archives: Avoid Start Up Failure
Why start-ups fail. Don’t let a flawed business plan ruin your success story.
CB Insights lists having a flawed business model as the fourth most common cause of failures for Tech start-ups. Nineteen percent of CEOs of failed companies attribute a flawed business model as a cause of their lack of success. What does a flawed business model look like? Simply put, a flawed business plan does not …
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Case Study: A date with destiny – Triangulate Part 2
Why the start-up Triangulate failed to go viral. By now the metrics for the site were mixed. The user base was growing at over 40% month on month but user engagement was low, with only 27% of new users in California, the site’s target market, returning in the second week after they signed up. Also, …
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Case Study: Triangulate, a date with destiny, Part 1
Sunil Nagaraj saw a need for software that identified suitable pairings using algorithms to analyze data on the attributes and preferences of both sides in an exchange. Whether that was a date, a job offer, or a real estate transaction. His initial business concept was that he would be able to license such a matching …
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How to avoid start-up failure: Regulatory issues
Regulatory issues normally do not determine the success or failure of a start-up. Providing you conform to the rules laid down in your country regarding accounts, compliance, taxes, employment law, data protection etc. Even in the most business-friendly countries, there are a myriad of rules and regulations you must follow to stay within the law. …
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How to avoid start-up failure: Price and Cost Issues
CB Insights survey of 110 tech companies that failed found the price cost issues ranked number 7 on a list of twelve causes of failure with 15% of CEOs including this as one of the reasons their company failed. Businesses run on a simple formula, revenues or price minus costs equals profit. Get either your …
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How to avoid start-up failure: Not the right team
CB Insights lists not having the right team as number 7 on its list of twelve reasons Tech Companies fail. 14% of founders included this as the reason why their company did not succeed Building the right team requires correctly identifying the skill sets you need in-house, and understanding which can be outsourced. Then you …
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How to avoid start-up failure: Mistimed launch
CB Insights survey of 110 tech firms that failed ranked mistiming your product launch as the eighth leading cause of a start-up failure. 10% of business owners attributed their business failure to this cause. Mistiming your product launch can be subdivided into three categories. 1) You launch your product too early; this is probably the …
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Why Start-Ups fail 