• http://www.forentrepreneurs.com David Skok

    Sorry – I don’t know enough about it to answer your question.

  • Ankush Katiyar

    Sharing my personal experience, what I believe is ideas never fails, execution fails. People when get started are full of enthusiasm but with the passage of time they get low and at last they shut it down such some excuse.

    I have published a post on my blog. Link is here http://www.conhacks.com/2014/07/11-reasons-why-most-startup-fails-startup-problems.html

  • Sherry

    Is it possible to figure out if an idea will work before taking the money? I have bootstrapped the company http://www.carmelosystems.com to get a couple of customers deployed. But made some mistakes along the way and have not being able to get more deployed. An angel investor is interested in putting money, but I am now worried about let him down by losing the $1M he wants to invest. Have not tried your inbound marketing ideas. Could you give some advise? Am I facing the Market Problem?

  • http://www.forentrepreneurs.com David Skok

    Hi Sherry, the key to figuring this out lies in meeting with as many prospective customers as possible and figuring out if you have built something that they want to buy (i.e. do you have Product/Market Fit). You should watch out for the difference between real intention to buy, as evidenced by them talking about placing orders, versus polite positive feedback. I would also be looking for evidence that this is a repeatable sale with many customers fitting the same application usage profile. If you can demonstrate that to the investor by allowing them to talk to those customers, you should be able to get the investment and use the money to expand your sales and marketing.
    For more on Inbound Marketing, visit the HubSpot blog pages, as they are great at educating people on this topic. Best, David

  • http://www.carmelosystems.com Sherry

    The investor has talked to customers who rave about the product, I am the one who is anxious about why there has not been 3 more customers and where/how to find them. Your post and response made me walk away from the keyboard and think through a few things. Time well spent. Thank you.

  • sree

    wat u mean

  • Chris Marshall

    Hi Sherry, take a look at http://www.agilovation.com/home. I have worked with Zac Lyons in the past and his agile approach to driving innovation through deep customer insight will work really well in a situation like yours. He really can help to very quickly understand if there is a market for your idea. In addition, his results will give you deeper insights to the target customers pain points and a better understanding of how to talk to/target your messaging to your potential customers in a language they understand. Regards, Chris

  • Minh-Hoang Nguyen

    Thanks for great posts. Full of information about failures. If anyone wants to figure out why failed and tracking failures in lifetime, check the FailED app at https://itunes.apple.com/us/app/failed-manage-your-failure/id894438205?ls=1&mt=8 . It’s really great and helpful for everyone!

  • Shahin Khani

    Check out my conversion with Lawrence Pingree on why startups fail


  • http://www.forentrepreneurs.com David Skok

    Thanks for adding. Interesting!

  • Sunil Kumar

    Hi Everyone, i have one query on product based startup. I have IT based idea and i am not technical guy. What should i do ? Outsourcing would be good idea or consider a technical partner. Or should i drop the idea? Could you please guide me? Many many thanks to you all in advance.

  • http://www.forentrepreneurs.com David Skok

    I’d strongly advise getting a technical co-founder.

    Best, David

  • Sunil Kumar

    Thanks a lot David for your suggestion. what happens i wont be able to find technical co-founder. in that case i should not be thinking of start such project.

  • http://www.forentrepreneurs.com David Skok

    Yes – that is the advice that I would give you.

  • http://www.topchart.io TopChart

    What we have found so far is that it is simple: startups either have a market or not. Weigh in on it here: http://www.topchart.io/projects/reasons-why-startups-fail

  • Nimish

    David can you please tell what strategies to adopt for research and development?
    I am tryin to develop an app for the construction industry in India.

  • http://www.forentrepreneurs.com David Skok

    The best recommendation I can give you is to find a technical co-founder who knows how to build such a product, and can help you hire a technical team. Best, David

  • Reece Larkin

    I must echo point 4. Running out of cost. Once you’ve figured your business out you need to make a financial plan. Otherwise down the line, your business will fail, and you will run out of funding.

    A few more points that wasn’t mentioned in this article are; One Man Show. Most startups are run single handed, and startup founders think they can do this all by themselves, however the real facts are that it will effect your business quite a lot. So, you need a mate and some men to sail your ship more smoothly and safely.

    Some extra points can be found on this article: http://www.spellbrand.com/5-tips-overcome-startup-problems

  • http://www.forentrepreneurs.com David Skok

    Thanks for adding to the discussion.

  • Reece Larkin

    There are a couple of issues in terms of conquering the majority of your startup issues. These are; Funding, Product Nature, Time Management, One Man Show and Running Costs.

    I’ll quickly say these over, these will inconclusively help you to succeed in your startup.

    How about we begin with Funding. Most and each startup needs funding to get some place. Most startups will close because of money issues. This is the reason funding is fundamental to any startup. There are more than 500 crowdfunding stages over the web that help you group finance your startup. Some of which incorporate; Kickstarter, IndieGoGo, CrowdFunder, RocketHub and significantly more!

    Presently, the Product Nature. As a startup you must recognize what the product or administration you’re putting forth. Is it a thing or an administration that your client might want to have or is it an unquestionable requirement have product or administration. Having this basic rationale on your product nature you can really tempt your clients.

    Time Management is by a wide margin a super vital thing required by startups. It’s not difficult to ace either! A genuine business person will have the best Time Management, knowing when to complete for the day and when to not. Most marriage breakups are because of mismanagement of time, so don’t simply concentrate on beginning your business! Have a basic calendar you can clear your brain from business for quite a while and go through it with family and companions.

    One Man Show. Most businessmen will startup their business without anyone else, this can be to a great degree unpleasant for yourself and can prompt business disappointment. To prevent this from happening, you require someone to help you, take a portion of the weight off your shoulders. This comes in with the time management above, sparing time and being careful.

    Running Costs relying upon your startup your product might or not over keep running in costs. At that point after all your diligent work, your business to fizzle. To prevent this from happening is to arrange well ahead of time, deal with your needs and have an arrangement to verify this doesn’t happen

    Read in more detail at SpellBrand: 5 Tips to Overcome Your Startup Problems

  • http://www.snapmunk.com/startups/ Snap Munk

    Very Interesting Blog Written by you…Good Your plus point is that You Express in that way that gives you more info deeply about startups fail…good
    Another thing is to know more on why startups fail/startups ideas get all in one click : http://www.snapmunk.com/startups
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