Why Startups Fail and What Experts Have to Say About It (Infographic)
Just as there is no one path that guarantees success, there is not one single mistake that will doom a startup to failure -- there’s more than 50, actually.
These reasons fall under nine umbrella categories, including business ideas, leadership and planning, according to an an infographic from U.K.-based web development and ecommerce firm Technorian. Obviously, there are pitfalls in managing finances and human resources, too.
Beyond giving a litany of the many wrong turns a startup could possibly take, the infographic below also offers advice from people who have been there -- and succeeded. There are words of wisdom from contemporary moguls like Warren Buffett and Richard Branson, as well as former presidents, athletes, inventors and others who have experienced the hard work that comes before being a household name.
Related: 10 Deadly Startup Mistakes to Avoid
Check out the infographic below to learn what you’ll need to look out for when starting a business, and what the best of the best have to say about it.