Here are five reasons why your start up is going to fail. More like a guide by scars of many previous start ups and small businesses you can use to get a reality check of what not to do and prepare for it.
Start Up Failures
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You’re not the center of the world, no matter how great your idea, product or service is
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You’re not going to have enough cash on hand
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You’re going to be pushed to the edge of frustration
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You’ll be an emotional wreck
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You’ll be distracted by something else
3 Things Not to Worry About Ruining Your Start Up
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No one will steal your idea and make a fortune off you
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No competition will wipe you out
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No bad economy will shut you down
Flickr photo by: fireflythegreat
Leave a comment with what other failure signs have you come across in your new business or previous businesses.
Rather than focus on reasons for failure,I think there are some basic principles which are critical to the succes of a startup. See my article “Startup Principles for Success” on http://blog.startupprofessionals.com for some key ones.
Martin Zwilling, CEO & Founder, Startup Professionals, Inc.