The Mistakes Of Startup - Business - Nairaland
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How To Overcome The Fear Of Startup Failure / Why The Hig Rate Of Startup Failures In Nigeria? / The Worst Is Over But We Must Not Repeat Mistakes Of The Past- Adeosun (2) (3) (4)
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| The Mistakes Of Startup by counsel: 9:50am On Apr 01, 2017 |
Based on research, 90 present of startups fail every 4 to 5 years. Let me outline the basic reasons why these happen as startups in Nigeria have a failure rate of 74 percent and have a 16 percent chance to succeed if they ignore these parameters. Therefore startups will fail if they: 1. Ignore the competition 2. Become informal 3. Do not know how to scale up or pivot 4. Do not evaluate capacity 5. Shun innovation 6. Do not have a niche 7. Do not have a plan Alex Akpan Business Consultant 09029708381 07046491190 |
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