Why Startups Fail?

Why major startups having genuine & innovative ideas/products fail eventually?

Have you ever wondered where did they missed out? Read on to find out!

The main reason of a startup failure is not keeping track of its cashflow! i.e. cash coming in from sales & cash going out for expenses/purchases.

You may get profit in your financial statements but still run out of cash!

Examples: Doodhwala, Just Buy Live – these are startups that failed even after million dollar fundings.

Many startups fail due to lack of core competency. To be successful, you must have some competitive edge over others.

What is your competitive advantage over your competitors?

In simple terms – your business must be profitable! It seems too simple right? No its not!

Many startups fail to track Gross Profit per sale! If you sale a product and its not profitable – how would you scale up being profitable?

Many startups fail due to lack of sustainable business model or over dependency on a particular event. What if such event doesn’t occur?

Are you planning for a #Startup?
Contact Us! We’ll help you in business registration & overlooking your business financials to make it a success!