5. Unaware of competitors and changing market condition:

You may have the best products and services. But, will it make any huge difference if the market is too small or non-existent? Of course not. You should develop a product after having researched the market and identifying existing opportunities. Developing a technology looking for a problem can make a start-up hanker after a small market.

6. CEO / founder(s) unable to make decisions:

Unclear of their own path, founders face problems while making decisions, and many ending up making the wrong choice.

Generally, a start-up is a high-stress environment. Hence, disagreements among the owners about its directions or even division of profits can result into a crack within the tam. And if a key executive leaves in such a situation, it can bring a doomsday for a fledgling organization.

7. Lack of vision:

Lack of proper vision or focus is another vital reason for failure. Getting one solution out on the market and focusing on the product is very important. Otherwise you risk ending up with too many almost finished products that are not valuable to customers or you.

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