7 Factors that can Kill your Startup in 2019

-

We Need your Support!

Help us to grow by following us on Google News. We just need your 10 Seconds. Click on the red button. 🙂

Business is difficult to start and hard to grow up. It takes struggle, hard work, determination and patience for a long time. Having an investment only do not start a business either, nor can just having an idea work alone. But to give it a try, you must come up with a great idea that can hit your target market.

There are numerous factors that are essential to grow your business and to end up any business. In this article, we will be presenting seven factors that can kill your startup in 2019 or further.

Seven Factors that can kill your Startup in 2019

Unnecessary or excessive number of members in the foundation level

If we talk about the small enterprises where two or more people might be starting a small setup, it’s not a big deal to have a small number of members in the initial stage. However, these people should be professionals and technical mind individuals who have sound knowledge of the area, they are in.

When it comes to a big startup where equity is needed and equity is the way to motivate people to come and invest their money because your business needs cash during a seed stage. However, the same point should be exercised here that maximum stakeholders should be literate, professionals and come up with sound knowledge and background in the business area.



Unnecessary equity in the hands of inexperienced and unprofessional shareholders could lead to losses.

Higher overhead cost

If the overhead cost is too high, the business will give a less profit. In the initial stage, it has to be considered because if it is not controlled in the start it will then be very difficult to control. the market of the entire globe becomes very stingy. Each of the business individuals is trying to get the lowest rates.

Misallocation of resources

Resources are the big assets of any organization. Keep them alive by allocating them rightly. One of a big reason to shut down of new startups is the misallocation of resources. This happens because of the lacking of management’s right decision. The decisions of allocation of resources should be based on facts and figures only.

Investors are no longer interesting to invest more

Once the business is incorporated, investors are willing to see figures on an urgent basis. This is the biggest mistake investors do! This area is for a people with patience.  None of the business in today’s time can give profit and huge numbers in the very beginning years. Most of the investors stop their investments because they do not find the business worthy. This lead to shut down the startup in the middle of its way.

Data Breach

It is seemingly important to keep an eye over the data breach. But if you, unfortunately, experience data leak or data spill so you have various options like recovery software.

Unrealistic plans

The future plans should be on the basis of all essentials factor. These essential factors include economical trend, business strategy, core competencies, competitors’ knowledge, market knowledge. Forecasting is very important.

Avoiding the competitors

Some of the businesses do not go for a long way and lead to its death because they do not consider their competitors worthy.

High-profit rate

The market trend is not very easy to compete that’s why the focus should be high volume, not high rates

Avatar
Alisia Watson
Alisia Watson is a brand strategist at My Ultimate Success Tips a.k.a MUS Tips.

3 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

NOW TRENDING

5 Best Games Like Mystic Messenger for 2020

If you haven't played Mystic Messenger yet, you probably the kind of person who isn't aware of the latest happenings in the...

Tinder Super Like – How to Super Like and Undo Super Like on Tinder

Looking for the guide about what actually Tinder Super like is? Do you want to know how you can hit Tinder Super Like to...

7 Best Kik Friend Finder Apps

The number of messengers are increasing day by day, Kik Messenger holds its place as a superb instant messaging app, which allows...

Hay Day Derby Tips – Play Guide And Derby Winning Strategy

Derby is the awesome feature being introduced by Super Cell in Hay Day. This made Hay Day players more professional in the game rather...

How to Delete All Messages in Discord

Although Discord is more heavily focused upon its voice call features, the messaging options are also quite frequently used. Now if you are an...

LATEST STORIES

3 Things the Coronavirus Crisis (Should Have) Taught the World

People get sick pretty often. The sniffles, the sore throat, the diarrhea you sometimes get are all infections. Some of them are...

3 ways to make your office run more efficiently

If your office is a bit chaotic at times, it's probably safe to say that it could do with a bit of...

HTTP Headers and Web Scraping Guide for Beginners

Market research and market intelligence play a major role in every business. A company that does not understand the market operates on...

Top Tips To Modernize Your Businesses Adoption Of Technology

There has been an exceptional amount of buzz surrounding the concept of digital transformation for quite a few years already. While this...

Top Five Reasons your Business Needs Video Marketing

Companies that include videos in their marketing campaigns have a 27% higher click-through rate and a 34% conversion rate than companies not...