9 out of 10 start ups fail! Yes, it is true only 1 goes the distance. There are various reasons that lead to the failure of a start up. Well, considering those can help you save yours! We have analyzed the biggest reasons why start ups fail. The reasons are as follows:-
No market need
The biggest mistake start ups make is to solve the problem that seems interesting. The approach should be of solving a problem that can serve the market. With the identification of a problem that can serve a market you have the gates open to capture it.
Various strategies must be used for identifying the market needs. In this market research is the key. The market research must be done in deep and the organization should make sure that all the statistics obtained are original. For the market research you can have different approach.