Businesses fail for a number of different reasons. An analysis by CB Insights found 20 primary reasons why business fail. These include:
- Mistimed product 14%
- Lost focus 13%
- Disharmoney amount team and/or investors 13%
- Failed geographical expansion 9%
- No financing or investor interest 8%
- Legal challenges 8%
- Didn’t use network 8%
- Burned out 8%
WITH EXECUTIVE BOARDROOM, WE CAN HELP YOU AVOID THESE PITFALLS WITH YOUR BUSINESS. CONTACT US TODAY TO LEARN MORE.
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