- Bad location > If you want to catch fish, then you have to go to the sea and not in the desert, the most important is the location for any business Because of that, it will take our startup a step further, so find a place that is in the midst of your audience of choice. So that people do not have any problem in reaching it, they can easily reach you.
- Bad planning/structure> Often people make the mistake that whenever an idea comes to their mind, they start a business without any planning structure. Because of which 99% of people fail, then they feel that it is very difficult to do business and then they do not try again. And then do not recommend anyone else So whenever you have an idea, then prepare a structure first so that you will know what to do in case of any problem.
- Wrong audience targeting > A good place was found and the structure is also ready, yet the sale is not happening, which means we have the wrong audience.Audience is like a small child. You will give him money, he will not take it with you, but when you give him a toy or chocolate, he will come to you. So first find your audience and attract them to you, then see how much benefit it brings to your sales.
- Choosing the wrong platform > Any work is successful when it is done Be passionate and very important in this business Most people start this business in which they have no interest but they start it only to earn money. Because of which they do not run their business properly and after some time their business ends. All the successful people of the world started the same business in which they were interested, so make sure before starting any business Whether you are happy to do that business or not.
Single founder > all successful people like Elon Musk, jack ma, Warren Buffett He never started his business alone. When you start a business, make someone a part of it, it saves your money, time, and energy. When people start a new business, they think that they will take care of all but they cannot do, due to which they lose and the business ends.
Raising too little money > In today's time, there is competition everywhere, but the biggest competition is in the business, every company adopts new ways to attract its customers. And when someone starts a new business, he keeps the price of the product low to get a quick sale to compete with the rest of the company. Because of which he gets very little money and he is unable to pay the loan and expenses of the bank, due to which his business ends.
- Poor internal management > Even a storm cannot easily fall down a tree, but if that tree is hollow inside, then the tree falls from the small wind. Our business is like this tree and management is part of the inside. New businesses are closed because their management is not right, so whenever you recruit people, give them good training in management.
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