Why Some Startups Never Take Off

[Nomad]

Startups is a fancy word that everyone seems to be using these days. Every businesses being established are now being labelled as start up. But unfortunately, many start-ups never take off well, and many just die. Only few start ups manage to become unicorn. In my experience, their main issue is their products and services don’t solve a real problem or don’t have the quality to compete in the market.

 

[eLdavis]

You have a point though, if your products or services can't actually solve a problem, then it would be completely useless. Another reason could be due to poor execution of business plans. It is one thing to have a plan, it is another to be able to effectively carry out the plan.