The document outlines critical factors for startup success, emphasizing the importance of strong management, passion, and domain expertise. It highlights the need for proper advice, legal compliance, market timing, and a diverse team, while warning against the dangers of poor financial planning and premature scaling. Successful startups must remain flexible, aware of competition, and responsive to customer feedback, with a clear understanding of their market position and pricing strategy.

1. MOST CITED REASONS
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2. » Venture capitalist invest in management.
When founders cannot get a long or fall
apart the survival of a startup is
jeopardized

3. » Being swept a way by a bad idea or a
strategy which is not working- Holding on
a bad idea consumes resources and kills
moral and suffocates startups to its failure

4. » Entrepreneurs should create work balance
and have a fore sight on business
performance. They should not let burn out
affect their decisive decisions making
process when cutting losses and directing
efforts into more productive activities.

5. » Increasing the odd of success on a startup
requires seeking advice from qualified
sources. Bad advice will kill a viable
business.

6. » Lack of passion and domain expertise will
result into startup failure even though the
idea is a good one.

7. » Investors and mentors are important for
survivorship of a startup. Entrepreneurs
who fail to utilize network and connection
properly are likely to fail as founders.

8. » A Startup can evolve from a simple idea to
a complex of legal entity. Failing to comply
with legal requirements can prove to be a
core cause for a startup shutdown.

9. » Failure of a startup to raise additional funds
kills a startup. Running out of cash affects
startups ability to execute market functions
and product development.

10. » Tackling market need is important than
tackling problems that are interesting to
solve. Developing most viable product
help entrepreneurs test the market and
adjust business model to suit the market

11. » A Startup need a diverse team with
different skills set to make it successful.

12. » Obsessing with competition is not healthy,
but ignoring competitors can result into a
startup failure. Once an idea get hot or
market validation a startup will face
competition from new market entrance.

13. » Roles overlaps in a Startups and small
things should not be overlooked. Small
things can turn into operation issues and
impend Startup success. Startups
operations are more organic and
entrepreneurs should not heavily rely on
segmenting roles into job code.

14. » Failure of a Startup to grow impends the
opportunity to secure venture capital.
When a Startup is not growing first enough
it loses the ability to secure more funds and
this becomes the begging of its failure.

15. » A Startup flexibility in adjusting from its
mistake is important in ensuring
survivorship. Startup team should be able
to adjust to business environment or even
develop a new business model and start all
over again.

16. » Being sidetracked by destructing projects
and personal issues my results into losing
interest on Startup and kills startup team
morale.

17. » Market timing for product release is
important for a Startup. Early release of the
product may result into consumers writing
it as not good enough. And late release may
result in missing market opportunity.

18. » A hiring process in place ensures that the
Startup bring on board skilled employees to
make it successful. A startup can borrow
from established business process and fine
tune it moving forward.

19. » Planning should not stop at the concept of
the idea. A Startup should plan for
operations, financial forecasting, funding,
logistics among other business
requirements.

20. » Success requires knowing market target
and converting audience into consumers. If
a Startup is unable make consumer
recognize the values of the brand, product
or service it cannot generate revenues.

21. » Finding a just balance for pricing is crucial
for Startup survivorship. Too low pricing
means a Startup cannot meet its own
expenses. Higher pricing may turn
potential customers away.

22. » When a Startup runs out of cash and there’s
no source of funding to turn to, Startup
failure is imminent.

23. » Overzealous optimism results into
premature scaling. A high growth Startup
may expand way before it is ready and as a
result the Startup may engage in strategies
which requires more funding and
jeopardize the survivorship of the Startup
because the Startup cannot generate enough
revenues to cover expansion.

24. » Not using customer feedback and being
inflexible to customer requirements is a
prescription to failure.

25. » Before launching a Startup, founders
should consider location. Location drives
customers and determines growth
strategies. For remote workers, time zone
has impact on how the Startup delivers
services and has the impact on the success
of the Startup.

26. » A Startup needs to develop a product that
meets market fit. Sometimes it takes
product revision to meet market needs.