How Many Startup Businesses Fail in The First Year (+Survival Tips)
The startup journey is not for the faint-hearted. Pondering how many startup businesses fail in the first year is a prudent thing to do at pre-launch. This startup survival guide outlines the most critical startup failure statistics to keep in mind when planning your launch.
First, we’ll delve into the whats and whys to understand what makes startups fail. Also, failure can be an ambiguous term – what’s considered a failure for some might not necessarily be for others. We’ll help you draw the line so you can quickly identify the early warning signs. You’ll also get a crisis management playbook in case you run into rough terrains.
Failure is an intrinsic part of the startup ecosystem. With so many critical moving parts, it’s easy for founders to get caught up in pitfalls or missteps.
A few common causes are behind most startup failures. To succeed as a founder, you must learn to prioritize these issues while navigating those peculiar to your case.
