Winston Churchill once had famously remarked that “Success is the ability to go from one failure to another with no loss of enthusiasm”.
Undoubtedly, this is an immensely motivating quote for people who tasted failure or have made multiple fruitless attempts. However, we all wish deep down inside that if we could have changed a single event, we could have averted a failure.
Startups face numerous challenges in every stage of their rise, till they come to be known as established players in the market. Almost all startups seriously make attempts to prevent a failure from happening, but it is not always easy as many a time, there are things beyond their control.
It is under these circumstances that startups wish they would have known the reason for the failure beforehand. This Infographic from Lance Surety lists the top 20 reasons why startups fail.
So, the next time you think ‘something can go wrong’, make sure you go through this Infographic once, in order to set things right.