Posted by Mohammad Izhar
During the beginning of the businesses one need to handle out the multiple operations to start off any of the businesses which includes the incorporation, funds, recruiting, marketing along with the advertising, networking and the development of the right brand, product or any of the services. Earlier the people use to pay all the attention towards all the above described various areas, without focusing on any one of the particular niche. Focusing one particular area at a time can avoid the failure and can help in managing different operations individually by either managing separately or getting the advices from different people in order to avoid the hustle can manage the situation.
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There must be many reasons for the depletion of any of the business or the WHY Start Up Fails but the root causes for the miss- multi management can include the following for the Failure. Still, it can be avoided if things get maintained properly and if it is analyzed in a proper manner and acted in accordance to that as per the advices mentioned below along with the root causes.
- Lack Of Marketing :-
Adequacy of the marketing research can lack in various Start Ups which can be the major cause of the issue related with the customers. It can be the product research as for instance it could be whether the product is user friendly or not, product time, competition, pricing etc. If all these things are not taken care properly it could be the major and common as well the priority based cause of the Failure.
Quite often the owners rely particularly on the visible opinions of the known people, as compared to the reality of the market which is existing. The Market Research cannot be ignored; else it could lead to the disability to solve the essential requirement and that the customers are looking for and very high rating failure.
- Potential customers requires for the particular Market Research in order to get secured and sured from the product or the service they are paying for. The initial phase requires the long and exact research before thinking to Start any of the business.
- Worst Marketing :-
At the same time, it is even more common for the brands, products or the services that exactly fits into the market, to Lack for the Proper Marketing.
What exactly companies do in order to sell their product is that they sell the product in such a way that does not attracts the potential customers or else they do not exactly understands what is there that they exactly push the wrong featuring things.
One can have the best product in the entire world but, it is of no use until and unless it is not revealed what exactly the features of the brand, product or any of the service.
- The reality of the features needs to get showcased in front of the people to get the potential customers out of them to get more success; this could be followed and avoided by hiding or not practicing good marketing skills despite of the factor that what industry it is or else the business.
- Usage Of The Holistic Product :-
It particularly happens when the owners generally forgot to impart the designing of the stage in order to cut the cost. Mostly there can be programmed from the scratched products with no designing at all. Still it is like that only: that success cannot be implemented without the designing phase no matter how flexibility has been imparted into the methods implementation. Failure can conclude the miss understanding of the design lacking into the Start Up.
- Without going too long for the vital functions in terms of cutting it needs not to go too far even but it needs to get with a proper designing of the brand, product or the service particularly if it comes to the Start Up and we need to avoid the Failure.
- Improper Team :-
Generally it is found and seen that no matter how profound a industry or the business carries in the team particularly at the initial phase of the Start Up but they seems to get failed at the particular project due to lack of education, knowledge of what exactly the need is to fulfill the requirement in order to achieve the success.
Start Ups generally needs the staff as a Team for working which are particularly for the defined area and ready to go with the flow with complete professionalism, without lacking the quality to take the project towards the success.
- The proper channel for the Start Up is to set the chart for the fields to work on and select the candidates in accordance with that with proper qualities of professionalism and knowledge or else hire the staff with the multiple qualities as the second option to avoid the Failure particularly at the Start Up
- Lack In Passion :-
Mostly it is found that the ideal is replaced by the reality and the grind sets in the cause. The issue arises as the Failure cause at particularly the starting cause when the owner does not know what exactly the motivational reason behind the Start Up and due to which Passion lacks in the working because they do not have any interest at all in the working procedure and at times tends to avoid the situation or else show the careleness due to which there is a drop down of the Start Up phase.
- In order to go with the flow not only with the phase of the Start Up but eventually at the time of the business all throughout even at the time of the crisis what exactly the fact which is needed to know is the WHY.., Why the initiative has taken. Determining the real reason or identifying the WHY which has driven the Start Up can help in avoiding the Failure and boost up the passion as well because it is essential to be aware of the fact that is only for the sell of that particular business that works well enough.
- Finance :-
This could be again the major root cause of the Failure of any of the Start Up not exactly the money but eventually the team member or the wrong appointed person for this particular work because of whom the company or the industry can go into downs. When it comes for the money as it runs out, as of the income as well as the funds in order to pay the succeeding cost. It also results into the Failure of any of the Start Up in terms of the brand product or any of the service. This can finally result into the loss of the market or the member of the team.
- In order to avoid this particular issue it is always essential to have a backup or else have the right and the professional member to handle the particular area in order to avoid the loss and stay firm with the flow even after the crisis.
CONCLUSION
It seems to be quite easy and affordable to think at the times of the planning but not eventually facing the practical things. There are not only theses reasons which come up in front for the Failure Of The Start Ups infact there are many more reasons as well to define the Lack of the Success when it comes to the WHY Start Up Fail. Failures are generally not found to be the accidental when if it comes to big set up of the industry or the company. It happens due to the lack of few things and the ignorance by knowing particularly but it can be fixed and avoided as well if the things are taken in a proper considerable and the professional manner as well.
Start Ups can even lead to the great innovation for the society only if taken proper care off along with the proper management and the motivation from others and self as it need to have proper encouragement, determination and planning of the things as well.
Forsure it is possible to have the capacity of changing the world by the means of the great innovation in the form of any determined Start Up. It can not only make some ones dream come true but eventually can share a huge helping hand to the society by giving a kick off Start to any of the business.