User:Sudhanshusherlock/sandbox

= Why start-up fails? = One of the main reason why start up companies fail today is that they don’t know their target market or the market selected by them is not suitable for the product that they have built. Some of the common reason why start up fail to perform well in the market today.

Market problems
People don’t show interest in their value proposition, or compelling event, to convince the buyer to actually commit to buy their product. Good sales representatives will tell you that to get an order in today’s tough conditions, you have to work extremely hard and after trying to some of the leads might not convert

Failure to find unsolved customer pain
Many founders have this perception about their idea that it is so brilliant that their best course of action is to build the product then show it to the world and wait for the money to come as profit. However the major deception is a startup killer. The fact is people hesitate to try a startup’s product, because most of them fail. So they focus on the product which they can trust on if the product promises to solve a painful problem that nobody is trying to solve. To avoid this problem don’t start your company until many people are willing to pay now to get your product proper Test marketing is one way you can identify what the pain-point is for the customers and have a positive feeling about your brand and product.

Lack of winning and not having skills to do the best from others
We all think the role of an entrepreneur is to think unique thoughts and hire right people to do the work on their unique thought, think again because you have to express what you have thought and it should be done in a constructive and learning way. Another major reason that startups fail is that the founders can’t do the thing that it needs most to get off the ground. Many start up company start well however they lack momentum and they are not consistent in their service which is way too important to build the product and get customers. If you improve on these loopholes your odds of success will increase if you bring great sales skills and knowledge of the market with what customers actually demand for need you are addressing to all their problems and build a great customer relationship.. Generally, entrepreneurs improve their odds of success if they pick industries that value the skills at which they excel and love to practice.

No team spirit and poor leadership
A final startup killer is a leader who fails in recruiting and influencing the right person for the jobs on which the company’s success depends. The simple reality is that if you do not have the leadership quality in you, you cannot drive energy in your workforce. The leadership skills and quality you need to run a company of 10 employees are different than what a 100 person or 1,000 person company requires .At the startup stage, a great leader has the charisma and track record to conjure up a compelling vision for the company and recruit top talent to come along for the ride of realizing that vision. Starting up is hard to do and if you can’t navigate your venture around these problems, yours will surely perish.