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Why do startups fail?

ngpf.org 10/23/17

Q:

Entrepreneurship

QUESTION OF THE DAY

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Entrepreneurship

From CB Insights Research report:

A:

QUESTION OF THE DAY

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ngpf.org

Reason

Percentage

No market need

42%

Run out of cash

29%

Not the right team

23%

Get outcompeted

19%

Pricing/cost issues

18%

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FOLLOW-UP QUESTIONS

  1. Have you seen any businesses in your community fail? Do you know the reason why?
  2. Why do you think so many entrepreneurs start a business when there is no market need for their product?
  3. How do you think an entrepreneur can ensure that they have the right team in place to succeed? What factors do you think they should consider in the hiring process?
  4. Do you think entrepreneurs are born or made?