⚡ Get All Content for 20% Off ⚡

Why Startups Fail and What Experts Have to Say About It (Infographic) There are nine categories of problems, and office space isn't one of them.

By Carly Okyle

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Shutterstock

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.

Carly Okyle

Assistant Editor, Contributed Content

Carly Okyle is an assistant editor for contributed content at Entrepreneur.com.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

The Remote Side Hustle a 43-Year-Old Musician Works on for 1 Hour a Day Earns Nearly $3,000 a Month: 'All From the Comfort of Home'

Sam Ziegler wanted to supplement his income as a professional drummer — then his tech skills and desire to help people came together.

Leadership

Former Interrogator Shares 5 Behaviors Liars Exhibit and How to Handle Them

Five deceptive behaviors to look for and how to respond to those behaviors when you encounter them.

Business News

AI Is Impacting Jobs. Here Are the Gigs Affected the Most, According to an Analysis of 5 Million Upwork Postings

The researcher said in the report that freelance jobs were analyzed first because that market will likely see AI's immediate impact.

Marketing

Ever Wonder Why Certain Websites Rank Higher Than Yours? This SEO Expert Reveals The Secret to Dominating Search Results

It's often the smart use of SEO, now supercharged with AI, particularly in keyword optimization.

Business Ideas

55 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.