Top 20 Reasons Why Startups Fail
Many small business are started by well-intentioned but unprepared entrepreneurs. Each year, a huge numbers of aspiring businessmen and women rush unknowingly into launching their company based solely on their passion. According to various sources, the failure rate for venture-backed startups is around 90% and half of those are new businesses that fail terribly within their first year. Here are the 20 causes of startup failure. See also How to Write a Great Press Release and 10 Awesome Virtual Reality Startups to Watch Out For.