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Why Entrepreneurs Fail: Top 10 Causes of Small Business Failure


CBInsights analyzed 101 business failures to compile the top 10 reasons why entrepreneurs fail. From no market need to being too early, a lot of these issues can be avoided.

  1. No market need: 42 percent

  2. Ran out of cash: 29 percent

  3. Not the right team: 23 percent

  4. Got outcompeted: 19 percent

  5. Pricing /Cost issues: 18 percent

  6. User unfriendly product: 17 percent

  7. Product without a business model: 17 percent

  8. Poor marketing: 14 percent

  9. Ignore customers: 14 percent


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