Why Most Startups Fail (And How to Avoid It)

Why Most Startups Fail (And How to Avoid It)

Starting a business is exciting, like launching a rocket into space—but what happens when it crashes? Most startups fail, and here’s why: they don’t solve real problems, run out of money, or don’t know how to market themselves. For example, I once knew someone who started a business selling toothbrushes—but didn’t do the research to find out if people really wanted his fancy toothbrush. The result? No customers. But here’s the twist: he could’ve succeeded if he asked the right questions. What do people need? What can I do better than anyone else? Getting customers isn’t about having the coolest idea; it’s about solving a problem and knowing how to talk to the people who need it. I learned from that failure: plan first, act second. Find out what customers truly want, keep track of your money, and market smartly. If you get that right, your startup won’t just survive—it’ll thrive!

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