Why do so many startups fail in India? Here are reasons why
Whenever anybody starts a new business, he thinks that he is going to make the next big thing. Most people quit their jobs to start a new business. They dream to become the next Uber or Airbnb. But due to a lack of knowledge about the market need, competition, and more reasons startups failed. Here in this article, we will discuss the reasons why startups fail in India.
Do you know that 137,000 businesses give birth every day or 50 million per year?
But, 90% of them fail. 10% of them fail in the first year of the launch. If we do the calculation, 123,000 startups fail in India every day. Almost, 70% of the startups fail during years two through five. No doubt this data may discourage you but there is a big question why startups fail in India?
Do not worry. You can always learn from others' mistakes & know the reason why startups fail in India.
Why Startups Fail in India?Â
No doubt, startups are themselves risky. But there are so many reasons that contribute to the failure of a startup. Let us have a look at the reasons why startups fail in India...Continue Reading
