The top 10 reasons why start-ups often fail according to research

It's sometimes difficult to take the step to start a business. 90% of all start-ups fail within 5 years and 10% fail the first year. By learning from the top 10 reasons why many start-ups go broke, you can avoid going bankrupt before you realize your dreams. For more information: Content of this video: 00:00 : intro 00:42 : 1. Market need 01:20 : 2. Running out of cash 02:00 : 3. Can not find or maintain the right team 02:38 : 4. Getting out-competed 03:02 : 5. Cost or margin problems 03:50 : 6. A poor product 04:17 : 7. A poor business model 04:51 : 8. Ignoring the customer 05:17 : 9. A mis-timed product launch 05:45: 10. Losing focus on their business