Is lack of FOCUS the reason most Startup fail?

[Damscooguns73]

Concerning if lack of focus is the reason most startup fail. Well, there are various factors that of an individual lacks his business will end up to failure. One of the factors is been focused, an individual should be focus, without focus there can be a determination and achievement to the plans layout

 

[Hdre3m3n]

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?

I think another thing that can cause a new business to crash early is insufficient maintenance funds. A new business set up might not have the sufficient funds required to maintain and sustain the business during the start up challenges

 

[Eyiteepraise]

There are numerous factors and circumstances that can cause a newly erected business to crash at the early stage . I think one of them is poor marketing and advertising medium. It can cause a business to fail because there is no way the people will get to know about the business

 

[Oliver 20]

Acommon problem that causes newly establishment to fail is a weak management team.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.

 

[Folaham]

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?

Poor financial management and over investment in assets are also factor that can cause for business failure apart from the knowledge and passion issues

 

[Briangsam]

Lack of focus is definitely one of the reasons why many businesses fail but it is not just the reason. Many businesses fail as a result of confluence of reasons. Sometimes, lack of adequate preparation or financial preparation, sometimes events that they have no control over like theft. While in some cases, unfavourable government policies.

 

[Neta Sam(Samuel Odunlade)]

Focus they say is staying on a particular course until it ia finished. So, focus alone is not the reason why a start business cam fail, the purpose might have been misplaced, the principles that is guiding the business might have been brigded, the client might have missed the track record of the business, so the CEO mist troubleshoot and not be myopic about the cause of the failure of the business

 

[Segshowee]

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?

Focus is one of the reasons startups fail but not the major reason. You can be focused and determined but lack backup funds require to lift you up in the event of downfall. Mentorship is also key factor to consider to give necessary support required to guide against downfall.

 

[Roysnickz]

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?

I don't think it's not just about a lack of focus. You have to consider other factors that plays key role early fold up. Such factors like inexperience in the particular business, lack of patience to nurture the business and lack of funds to finance the business.

 

[tyrim88]

Focus is a very important value needed for any business to thrive,especially when the business is still at its growing stage.A business owner that does'nt pay attention to details of the intrigue and dynamics of his growing business will surely lead to crash.Not staying long enough to learn the rudiment of the business and become an authority in that field will suffer the business.If he spend his time jumping from one sector to another without concentrating on a particular aspect of the business,the business will fail.Its alway good to carve a nich for yourselves and allow the business to grow.

 

[EMMANUEL]

There are too many competitors, like for instance, When you build a better product than existing offerings, it’s likely that large companies or new startups will enter the space and chip away at your market share. Though having this first-mover advantage can be very beneficial, a second-mover advantage allows new competitors to quickly capture market share in a market that you helped validate.

 

[mayreeh38]

Focus is one of the many reasons why most businesses fall. But there are also other reasons too. If the business lacks good management skills, as well as over spending and not having a budget. Other times if could be poor marketing and negligence.

 

[iamgroot]

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?

The mindset is not straightforward in the planned business. That is necessary for the beginning so that you do not struggle too much, and do not break whatever goal you want to achieve in your business.

 

[Oluwasayofunmi]

Answering the question is lack of focus the reason why most stay up fail, most start up fails because of lack of focus of the business owner, a business owner without a goal and who lacks focus will have his business fall down the drain, because all business needs a goal to work towards

 

[Adesuwa]

There is nothing I dislike more than carrying on with something when I've lost Interest,and worse, the founders have lost interest. So my view Is if you're failed accept it announced it and deal with it.

 

[Hasan Raza]

On the off chance that the business climate isn't right, at that point it is destined to fall flat ,I read some place that 3 out of each 5 startup fizzle. It very well may be because of various variables , sufficient subsidizing is one of the significant motivation behind why startup fall flat. Likewise not having an inclined arrangement permits space for disappointment.

 

[Kelvin7656]

A major reason why companies fail, is that they run into the problem of their being little or no market for the product that they have built.
Lack of business mode.
Lack of market structure
Poor management team
Running out of cash. E.t.c

 

[Josemendez]

As for me , there are many reasons why start up business fails , and lack of focus seems to be one of them . Another great reason why start up business fail is lack of good planning from the initiation stage of the business.
Once a business lacks good planning such business is bound to fail .

 

[eLdavis]

i would say lack of proper business planning and setup, many just rush to startup without actually having proper plans or even resources to push on with the business

 

[Kehinde]

According to business owners, reasons for failure include money running out, being in the wrong market, a lack of research, bad partnerships, ineffective marketing, and not being an expert in the industry.