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Why do many new business startups fail - Coggle Diagram
Why do many new business startups fail
Poor management
Bad strategies
Inadequate business plans
Bad communication skills between fellow staff
Micro managing
Having relationships, with fellow staff members, beyond the friendship level
Asking for feedback
Lacking business plan
Inadequate reaserch
Unrealistic financial goals
Not having a target audience
Over-hyping a business idea
Know your product distribution lines very well
Good quality products are essential in any business
Being inconsistent with the quality of your product
Marketing problems
Not getting enough viewers on your company website
Too much competition
Attracting the wrong type of customer
Too high prices
Not enough discounts
An insufficient marketing budget
Not enough exposure
A store front
The company website
Social media websites
Radio
A television interview