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Know The Top 20 Reasons Why Businesses And Startups Fail In Nigeria. - Nairaland / General - Nairaland

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Know The Top 20 Reasons Why Businesses And Startups Fail In Nigeria. by Techibytes: 10:19am On Jul 05, 2021
Know The Top 20 Reasons Why Startups Fail

Over the past few years, Nigeria has experienced 61% of business/ startup’s failure especially in the business sector, so we make findings to know the reasons why most businesses startups fail.

Most businesses and startups in Nigeria start off well and many barely make it to the next stage of business before going down the drain.

Yes, there are great untapped business markets in Nigeria, but there are other factors that make it impossible for these businesses to strive.

There are various reasons why startups fail within a short time of their existence and this failure has been recorded over time through most field market surveys, from poor products to inflation to lack of funding, we have about 20 of the reasons why most businesses sink in Nigeria.


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