10 Top Reasons Why First-Time Entrepreneurs Fail

[Runum]

10 Top Reasons Why First-Time Entrepreneurs Fail | Entrepreneur.com

"For entrepreneurs -- especially those just starting out -- businesses succeed as much as they fail. I’ve seen this time and again as a mentor and entrepreneur. But statistics also suggest that the failure rate for new startups within the first five years is as high as 50 percent.
Of course, real entrepreneurs treat business failure as a milestone on the road to success. They count on learning from their mistakes, and use the . . .

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[socaldude]

Sometimes I wish they would make an article on failure that is not too general. For example: Failure to execute? Ok thanks but how?

Every Entrepreneur should try to fail ASAP. Find out if what your are doing is NEEDED and if not get over it ASAP and move on to something else.

I have found that knowing when to stop or proceed on your business comes down to two things: Does the market not buy it because its not NEEDED or because the market simply does not know it exists(poor marketing)?

good article thanks for sharing