#StartUpping: Despite Ground-breaking Ideas, Many Startups End Up Shutting Shops. Here Are 4 Reasons for Their Failure

Stay tuned to get every day updates in 60 seconds
#StartUpping: Despite Ground-breaking Ideas, Many Startups End Up Shutting Shops. Here Are 4 Reasons for Their Failure
Image credit: Shutterstock
Entrepreneur Staff
Former Features Writer
1 min read

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Team Work

Without a good team, no matter how good your idea is, it can never be executed in the best way possible. Start-up is a complete business, which requires multiple hands to support. 

SWOT Analysis

It is very vital for the success of any business. Just focusing on weaknesses is never an appropriate approach. One needs to maintain a balance in anticipating and calculating all the strengths, weaknesses, the potential Opportunities and Threats that the startup can face. The right decisions should follow henceforth. 

Create the Need

The famous saying that the first impression is the last impression is relevant even today. So comes the need of offering something to the customers which overpowers the question of ‘Why switch?’ 

What's the USP?

Unique Selling Proposition is something which every business has. Now, this calls for more unique features or services that you have to offer your customers or potential customers so that you can create a thought in their minds for considering you as an option.  

Here's the "news that entrepreneurs can use". Know what's trending in the Indian business world in 60 seconds.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur