Sunday, September 16, 2012

10 Top Reasons Why First-Time Entrepreneurs Fail

Here is what new business owners should be careful about:

10 top Startup failure causes — and how to avoid them:

1. No written plan.
2. Slim or no revenue model.
3. Limited business opportunities.
4. Can’t execute.  
5. Too much competition.

6. No intellectual property.
7. An inexperienced team.
8. Underestimating resource requirements.
9. Not enough marketing.
10. Giving in too early.

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