Unhealthy partnership and Founders Clashes
Clashes between founders are happening all the time, it depends on clash size, is it too big to destroy everything was built, or it can be passed and handled! So, you have to pick the right partner from the beginning and you must learn how to handle your partners.
Initial objective was not possible to achieve
No leadership at the top levels, decision making
Taking too much time to deliver product/service or technical problems
Poorly organized interface
Competition
Lack of transparency in terms of how the company was actually doing
Bad launch, bad UI/UX, bad timing, and noise from funding level
Raised too much money too fast
Overhead and the cost of production buried the company during rough economic times
Delivering services across different countries was “Unreliable.”
Avoid using automation and smart solutions (Pets.com)
Failing in networking.
Identify and approach clients
Lack of funding, and mismanagement of the funds.
Failing to identify the market
Poor quality, relevancy of the search results
Market loses confidence in startups
A lot of good people lose job
Investors lose money
Trying hard until they ran out of cash
Bad hiring decisions
Spent too much too soon before making any progress
90% of the staff was laid off
Planning without a long stable operating history
Good plan with solid strategy through market research are indicators of success, but this doesn’t work for startups.
Most of startups doesn’t have long stable operating history, they do not yet know who their customers is or what their product should be, they’ve to learn a lot and get customers’ feedback to update and improve their product. It takes time and cost.
On other hand, you can follow “Just Do It” school! Unfortunately, chaos doesn’t work too.
You’ve to plan well and get experiences from everybody! friends, family, and colleges. Read and learn a lot. Then plan as much you can, do not make it too complected, simple plan is enough and it will do the job.