Question
I've read several materials on startup failures including posts by Paul Graham and Steve Blank on the topic. I'm curious what other reasons aside from lack of customer development, product market fit and co-founder problems. Anything to add? Thanks!
Answer
A major factor why a lot of start up businesses fail, is because most entrepreneurs find it hard to make the transition from having a hobby to running a business. Most often do not pay enough attention to properly setting up the business, which leads to problems in the long term. A properly structured business and a well executed plan will almost always ensure a successful outcome.
