Originally posted on iAfrikan.com
There are many great tech startup ideas out there, and if all those ideas would be successfully executed, the percentage of business failure rates would be low. Unfortunately, in reality, not all business ideas survive today’s demanding startup environment.
It’s a fact that starting a business involves a lot of risks and only a few are successful. Statistics show that nine out of ten tech startups launched will fail within a span of less than three years, and those with the highest failure rates are usually in the information technology and communications industries.
Why do these companies fail?
If you ask entrepreneurs whose startups have failed at one point, you are likely to get many different answers, every one of them telling their stories from their personal experiences.
The following are 5 comon Reasons Why Most Tech Startups Fail