Why 95% of Startups fail? and why you are in the 5%!

Key Mistakes to Avoid as a First-Time Founder!

Let's be real, that 95% startup failure rate is terrifying, right?

You start thinking, "Maybe it's just not meant to be. Maybe the odds are totally stacked against me."

But here's the thing: most of the time, it's not a bad luck or some curse on startups. A lot of those failures happen because new founders fall into the same traps over and over.

The good news is, if you know what those traps are, you can avoid them!

The biggest mistakes I see – and hey, I've made a few myself – are all about people and expectations. It's tempting to try to save money on hiring, or to copy what the big, successful companies are doing. But that's a recipe for disaster when you're just starting out.

Here is a chart by Statista that says it all:

Let's break this down and figure out how to give your startup the best possible shot at success.

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read the full article at productgrowth.blog