Think of an idea. Build a prototype. Test it. Get other people to test it. Fix and amend the prototype. Generate interest. Get an investment. Start building your product. Market it. Sell it. Scale!
It’s that simple, isn’t it? Well, not quite. You may be at the idea stage, you may already be selling some products, but it’s still vital to know how things can go wrong.
And believe us when we say they can go wrong. There are companies worth millions that get complacent, nobody is immune.
This infographic will tell you 5 reasons why startup businesses fail and provide relevant examples, so you can avoid failure.