STARUPS AND FAILURES
Ansh Arya
Affiliation: Ansh Arya is a final year student pursuing BBA Hons. in Business Analytics at Galgotias University, Greater Noida, Uttar Pradesh, India.
Postal Address: K-97, Sarrafa Bazar, Purana Bazar, Bahjoi, Distt Sambhal, Uttar Pradesh, India. – 244410.
ABSTRACT
This research paper provides insights into the causes, patterns, and lessons learned from startup failures. By analyzing case studies of failed startups and conducting a comprehensive review of the literature, this study identifies common reasons for startup failure, including unsustainable business models, lack of market demand or product-market fit, poor financial management, failure to adapt to changes in the market, ineffective leadership or management, lack of differentiation from competitors, and legal and regulatory issues. Successful startups exhibit traits such as a clear and viable business model, strong product-market fit, effective financial management, flexibility and adaptability, skilled and experienced leadership and management, differentiation from competitors, and compliance with legal and regulatory requirements. The findings of this research have important implications for startups, including the need to prioritize sustainable and scalable business models, effective financial management, flexibility and adaptability, skilled and experienced leadership and management, differentiation from competitors, and compliance with legal and regulatory requirements. Future research can build on this study to further explore the experiences and perspectives of startup founders and employees and compare the success rates of startups in different countries or regions.
Overall, this research paper provides valuable insights into the causes and patterns of startup failures based on online sources, and offers practical recommendations for entrepreneurs, investors, and policymakers to improve startup success rates and contribute to the growth of the economy.
