Why Most Startups Fail?

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It seems that the majority of the startups fail [2] despite taking the right initial steps. But why?

Without any ado, these are the commonly seen reasons why most startups fail according to my observations:

First of all, a business needs to sell a product or service that people are willing to buy i.e, it needs to have a potential market value now and in the future. There needs to be a clear…