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Failures - Coggle Diagram
Failures
going out of business, For Lease, 85% of business will fail in the first 3 years of operation
no market need - product or market fit not correct
Unexpected growth
Ineffective branding
cash flow issues / funding
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How to test, speak and empathise with your customer 20% of your time in your shoes and 80% of your time in your customers shoes
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Lack of marketing on the digital space. Reviews, social media, digital campaigns, digital presence
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Not critical enough, wrong knowledge, team etc.
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Lack of passion, enthusiasm, motivation
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