Why do startups fail at this high ratio? Why do all startups not move on to be well-established companies?
Startups face a lot of challenges at different stages of the business cycle. Moving from a startup to a growing company is a religious practice. The founders have to learn to tackle 100s of problems and figure out the best possible way to survive.
10 main challenges faced by startups and how these challenges can be overcome are discussed below-
1. Funding
2. Competition
3. Scaling-Up
4. Hiring Right Resource
5. Rapid Market Growth
6. Decelerators
7. Poor Planning
8. Partnership Agreements
9. Statutory Requirements
10. Reinvention
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