Why do businesses fail?

Anand from CB Insights asked founders of businesses and startups. They shared twenty reasons. Top six reasons are as following.

Anand from CB Insights asked founders of businesses and startups. They shared twenty reasons. Top six reasons are as following.

Most businesses failed as they could not find the product market fit? The second biggest reason was businesses running out of cash. Remember Jet Airways. Third biggest reason is lack of right team. Ask Congress Party.

Fourth biggest reason was the stronger competitors. Remember Apple Watch vs Pebble. Fifth biggest reason was pricing. It’s pricing before the product. Sixth biggest reason for the failure is, when users find it difficult to use the product. Remember India’s first handheld computer ‘Simputer’.