The startup failure rate is well-documented: about 50% of new small businesses close shop within fours years and 90% don’t live long enough to celebrate their tenth anniversary.
As an entrepreneur, it’s clear the odds a typical against the success of your startup.
What should you do? Abandon your dreams of launching a startup? No – giving up when a challenge arises isn’t in an entrepreneur’s DNA. You keep driving forward.
But, startups don’t fail out of the blue. There’s usually a combination of mistakes behind the failure.
In this article, we’re sharing the common startup mistakes you must avoid in your quest for success.