William D King : Why Your Start-Up May Fail
Starting a business is very exciting. You are optimistic and imagine about all the ways you can improve and enhance your startup. Yet, the number of failed startups is a lot higher than the ones that find success. But why is it so? This is because starting a business can be a lot harder than you think. There is a low chance that any business is so in sync with the niche it is targeting that it takes off immediately. It can be difficult to point out why a particular startup has failed. There are a million factors that go into making or breaking a business. However, there are some common mistakes that most people make when launching a startup. According to William D King, being aware of these mistakes can prevent you from a potential loss. 1.Poor Market Research The most important thing you need to keep your business afloat is customers. If there’s insufficient demand for the product or service that you offer, there are low chances that your business will take off. This is where market research comes in. Most failed startups are a result of poor market research. It doesn’t matter how passionate you are about the product. If there aren’t enough consumers, you will struggle to keep your business afloat, no matter how great the quality of your product… Read More »William D King : Why Your Start-Up May Fail