Is lack of FOCUS the reason most Startup fail?

[Diamond07]

Lack of focus is not the only way businesses would fail at startups . Lack of financial management could be the cause. Also, if there's bad planning and strategy at start-up, a business is likely to fail.

 

[Godleads1]

New start ups can fail and fold up if wrong strategy is applied to the business. Also, impatience of the business owner could make a start up business collapse and may not rise again.

 

[Dowenship]

Well lack of focus is one of the greatest enemy we could be facing on a day to day life because the level at which things that will distract you from your goal is more rampant this days. Lots of distraction that make you lose focus is high and I mean very high

 

[Neeta313]

It is not the only reason, its part of the reasons why a startup can fail but not the main reason. A startup can fail when he/she has little knowledge about that business. When you dont really understand the business you cant be focused when you eventually start it. One needs to conduct proper research, write a business plan and seem advice from professionals in the business.

 

[Olamide wealth]

The number one reason why start-ups fail was “no market need.” Nine of the top 20 reasons for startup failures – and five out of the top 10 – were related to customers – not meeting customers' needs, not listening to them or even ignoring them and not focusing on the aim of the business.

 

[Edward2]

Yes that's one of them but let me add reasons of failure as well, according to business owners, include running out of money, being in the wrong market, lack of testing, bad alliances, poor marketing, and not being an industry expert.

 

[Mandypaul]

that is one of the reason that a lot of business for because they are not focus and they don't know they are men him and the reason why they established that business any business that is willing to succeed must know the reason they are pressing as this will help them to meet the demands of people that comes their way.

 

[Bookwormlux]

Owners of newly established businesses tend to not stand the test of time because they are usually confused on which business to venture into. They do not focus on a single one to get results, but they want to try out different others at the Same time.

 

[Shayo]

Most businesses fail because of lack of a good business plan. People often overlook the effectiveness of a business plan before starting a business and this can have negative effects on the business in future. And those that even have plans do not review or adapt to it. Creating and maintaining a business plan is important for a business that wants a long term success.

 

[sam386150]

Lack of listening or focus is the beginning of failure , one need to focus in whatever thing he is doing to enable him have a better benefits, you must make sure you have a better business plan, why business fails this time is because of lack of concentration and lack of business idea .

 

[Michaellee]

Having studied how over 60% of startups failed, I noticed series of trends that eventually lead to their early closure. The one that baffled me the most is the major impact it has in early closure on some promising businesses.

What other things could lead to early closure of Newly established businesses?

Yes lack of focus and lack of planing ahead. When doing a business it involve lots of concentration. A business owner need to focus and study strategically on how to run the business. Most especially business that involves costomer service

Having studied how over 60% of startups failed, I noticed series of trends that eventually lead to their early closure. The one that baffled me the most is the major impact it has in early closure on some promising businesses.

What other things could lead to early closure of Newly established businesses?

 

[Denuola]

No,other reasons could be;
#1. Lack of market demand
Startups fail when they do not solve an existing market problem. Most companies believe that their invention is quite appealing and there will be a huge demand for their products and solutions. If the product fails to create demand due to low market demand, then the company will face a downfall.

#2 Insufficient funds​

Startups need sufficient time and money to operate smoothly. But there is no answer to how much money one needs to spend on the business. Many startups fail due to insufficient funds. Also, many companies fail to raise additional funding.

#3 Disharmony in the team​

A diverse team with various skillsets is very critical for the success of a company. Many founders cannot do what is required for a business to turn successful. Both the founder and the team should focus on industries related to their skills and academic background. The skills they possess should be complemented with that of the team. Disharmony in the team might not help the business take off.

 

[mubinadaddy]

Lack of adequate capital for running the business smoothly can downsizing your business. Lack of focus in the business will not make the business to be obsolete and again. Laziness and lack of trust also causes.

 

[Shigobad2020]

Having studied how over 60% of startups failed, I noticed series of trends that eventually lead to their early closure. The one that baffled me the most is the major impact it has in early closure on some promising businesses.

What other things could lead to early closure of Newly established businesses?

Lack of focus is the first thing for business early closure, once you did not focus on the business you are doing but only focusing on the gain , the company might fold up, other things are lack of capital to keep the business running and also mismanagement of fund can also cause it.

 

[Hamza1999]

An incredibly common problem that causes startups to fail is a weak management team. ... Weak management teams make mistakes in multiple areas: They are often weak on strategy, building a product that no-one wants to buy as they failed to do enough work to validate the ideas before and during development.

 

[Milz]

Inadequate funding, investors lack of confidence in the start up objectives. Mismanagement of funds. Lack of maintenance. Not having adequate knowledge of the market being ventured into.

 

[springtech]

Having studied how over 60% of startups failed, I noticed series of trends that eventually lead to their early closure. The one that baffled me the most is the major impact it has in early closure on some promising businesses.

What other things could lead to early closure of Newly established businesses?

It might be one of the reasons but I believe there are a couple of other reasons.
Some business owners don't have a reason to be running self business as they are not good managers of humans and resources.

Bad government policies is another thing to look at in terms of double taxation.

 

[Highflyer]

Lack of focus is not the major reason most startups fail as they are mostly dedicated and focused. Lack of capital too is another reason for startups to fail, and bad business policies can even be another cause.

 

[Ogbest]

Having studied how over 60% of startups failed, I noticed series of trends that eventually lead to their early closure. The one that baffled me the most is the major impact it has in early closure on some promising businesses.

What other things could lead to early closure of Newly established businesses?

Lack of focus plays number one rule in many business failures. If you don't focused, you wont be able to know the necessary things that is lacking in your business. You will be lagging behind in your business but you will never find out until your business collapses

 

[Donkiz]

Every new business takes some time before it starts making profit, therefore you need to be prepared to keep funding the business until it stabilizes, if you didn't put that into consideration, the fund will dry up and the business might fold.