According to a report by Babson and Baruch Colleges, 13% of adults are involved in startups. It may be surprising to note that 8 out of 10 businesses fail within the first 18 months. Are you planning to be an entrepreneur? What habits do most successful people practice that unsuccessful people don’t? Have a look at the list below.
For as long as humans have lived on this earth ideas have come and ideas have gone. Many of these ideas manifest themselves as startups: from the now popular Dropbox to the failed Pay By Touch. What causes some startups to fail while others are hugely successful? Here are nine reasons why some startups fail.