{"id":29422,"date":"2022-10-19T03:55:29","date_gmt":"2022-10-19T01:55:29","guid":{"rendered":"https:\/\/www.bestprofitsonline.com\/myblog\/?p=29422"},"modified":"2022-10-19T03:55:30","modified_gmt":"2022-10-19T01:55:30","slug":"small-business-20-common-reasons-why-startups-fail-mistakes-to-avoid-infographic","status":"publish","type":"post","link":"https:\/\/www.bestprofitsonline.com\/myblog\/small-business-20-common-reasons-why-startups-fail-mistakes-to-avoid-infographic\/","title":{"rendered":"Small Business: 20 Common Reasons Why Startups Fail &#8211; Mistakes to Avoid [Infographic]"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large is-style-default\"><img decoding=\"async\" src=\"https:\/\/blog.red-website-design.co.uk\/wp-content\/uploads\/20-Common-Reasons-Why-Startups-Fail-The-Pitfalls-You-Need-to-Avoid.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">You have created a new small business and want to avoid mistakes. Do you know the common reasons why many startups fail?<br \/>Here are some common reasons you need to know.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Small Business: 20 Common Reasons Why Startups Fail &#8211; Mistakes to Avoid  <\/h2>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"nv-iframe-embed\"><iframe loading=\"lazy\" title=\"Small Business 20 Common Reasons Why Startups Fail   Mistakes to Avoid #shorts\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/7HphAfpzCIQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Poor product<br \/>Poor marketing<br \/>Pricing\/cost issues<br \/>Lack of passion<br \/>Burnout<br \/>Lack of research<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Many small businesses start up every month but the failure rate is high. 20% failed in the first year, 50% within five years, and 65% within 10 years.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized is-style-default\"><a href=\"https:\/\/www.bestprofitsonline.com\/myblog\/\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.bestprofitsonline.com\/myblog\/wp-content\/uploads\/2022\/10\/carefree-attractive-young-european-woman-smiling-happily-holding-smartphone-looking-display_176420-14919.jpg\" alt=\"Small Business: 20 Common Reasons Why Startups Fail - Mistakes to Avoid \n\" class=\"wp-image-29424\" width=\"567\" height=\"377\" srcset=\"https:\/\/www.bestprofitsonline.com\/myblog\/wp-content\/uploads\/2022\/10\/carefree-attractive-young-european-woman-smiling-happily-holding-smartphone-looking-display_176420-14919.jpg 900w, https:\/\/www.bestprofitsonline.com\/myblog\/wp-content\/uploads\/2022\/10\/carefree-attractive-young-european-woman-smiling-happily-holding-smartphone-looking-display_176420-14919-768x512.jpg 768w\" sizes=\"auto, (max-width: 567px) 100vw, 567px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Reasons to Fail<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you ask former business owners, you will get many answers about why their businesses failed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Wrong Market or Broad Market: Too many people try to start a business targeting everyone. But this doesn\u2019t work well. It is too broad.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You need to target a specific niche. So it is easier to reach your target audience.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Lack of Research: You have to know what your customers need or want. Too many newbie marketers or business owners think they have a great service or product to offer, but nobody wants that service or product.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized is-style-default\"><a href=\"https:\/\/www.bestprofitsonline.com\/myblog\/\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.bestprofitsonline.com\/myblog\/wp-content\/uploads\/2022\/10\/emotional-young-pretty-dark-haired-woman-with-ponytail-hairstyle-raising-hands-as-she-is-having-idea-looking-with-excited-face-posing-white-wall_295783-10002.jpg\" alt=\"Small Business: 20 Common Reasons Why Startups Fail - Mistakes to Avoid \n\" class=\"wp-image-29425\" width=\"568\" height=\"378\"\/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">By researching your market, you will know exactly how to meet your potential customers\u2019 needs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Research, find a problem, and provide a solution. Simple but effective!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bad Marketing: Every business needs two things: marketing and bookkeeping. If you know well both, it doesn\u2019t matter what you are selling or offering because someone will buy it.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Instead of creating a marketing campaign, hire an expert. It costs money but it will bring in much more than you spend.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized is-style-default\"><a href=\"https:\/\/www.bestprofitsonline.com\/myblog\/\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.bestprofitsonline.com\/myblog\/wp-content\/uploads\/2022\/10\/happy-smiling-woman-holding-laptop-computer-showing-ok-gesture_171337-12651.jpg\" alt=\"Small Business: 20 Common Reasons Why Startups Fail - Mistakes to Avoid \n\" class=\"wp-image-29426\" width=\"561\" height=\"373\"\/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">How to Avoid Failing<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Set Goals: Know exactly where you want to be. Without a goal, you just wander without results.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Research: Know everything about your market. Know what customers want. Know their incomes, their desires, and what makes them tick. The more you know, the more you can sell to them.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Love Your Business: If you don\u2019t love what you do, you get bored. You must be passionate about your business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Don\u2019t Quit: No matter how great is your business. You are going to have a downtime. You need to work extra hours and press harder to succeed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">More Details &#8211; <a href=\"https:\/\/www.investopedia.com\" target=\"_blank\" rel=\"noopener\" title=\"\">https:\/\/www.investopedia.com<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Pro-Tip<\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">How To Improve Your Social Media Marketing and SEO Strategy  <\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized is-style-default\"><a href=\"https:\/\/www.bestprofitsonline.com\/myblog\/insta\/\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.bestprofitsonline.com\/myblog\/wp-content\/uploads\/2022\/10\/tumblr_8c788cbc3916ed5df4cd002c20a102b7_b1ade329_500-1.jpg\" alt=\"Social Media Marketing and SEO Strategy\n\" class=\"wp-image-29427\" width=\"533\" height=\"752\"\/><\/a><figcaption>Social Media Marketing and SEO Strategy<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.bestprofitsonline.com\/myblog\/insta\/\">https:\/\/www.bestprofitsonline.com\/myblog\/insta\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You have created a new small business and want to avoid mistakes. Do you know the common reasons why many startups fail?Here are some common reasons you need to know. Small Business: 20 Common Reasons Why Startups Fail &#8211; Mistakes to Avoid Poor productPoor marketingPricing\/cost issuesLack of passionBurnoutLack of research Many small businesses start up&hellip;&nbsp;<a href=\"https:\/\/www.bestprofitsonline.com\/myblog\/small-business-20-common-reasons-why-startups-fail-mistakes-to-avoid-infographic\/\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">Small Business: 20 Common Reasons Why Startups Fail &#8211; Mistakes to Avoid [Infographic]<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[519,1630,23,2929,2072,3449],"tags":[59,285,58,168,3465,1690,204],"class_list":["post-29422","post","type-post","status-publish","format-standard","hentry","category-business","category-infographic","category-marketing","category-startups","category-video","category-work-from-home","tag-avoid","tag-fail","tag-mistakes","tag-reasons","tag-small-business","tag-startups","tag-why"],"_links":{"self":[{"href":"https:\/\/www.bestprofitsonline.com\/myblog\/wp-json\/wp\/v2\/posts\/29422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bestprofitsonline.com\/myblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bestprofitsonline.com\/myblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bestprofitsonline.com\/myblog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bestprofitsonline.com\/myblog\/wp-json\/wp\/v2\/comments?post=29422"}],"version-history":[{"count":0,"href":"https:\/\/www.bestprofitsonline.com\/myblog\/wp-json\/wp\/v2\/posts\/29422\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bestprofitsonline.com\/myblog\/wp-json\/wp\/v2\/media?parent=29422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bestprofitsonline.com\/myblog\/wp-json\/wp\/v2\/categories?post=29422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bestprofitsonline.com\/myblog\/wp-json\/wp\/v2\/tags?post=29422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}