3. Poor structure for Hiring

The startup is always small and agile and with it comes great expectations for Innovation and growth. The amount of work that pours in within a short span of time is huge; therefore the startup often tends to employ Individuals in an unstructured manner. They need to hire staff who can contribute on a multitasking level so that the limited amount of resources is not in danger of getting wasted and in the near future any sort of employee issue should be avoided stating that the staff was hired for a different purpose.

4. Lack of agility results in downfall

A startup has to be focused and should think differently from its competitors. A young entrepreneur needs to keep a list of the pros and cons of the organization so that in any given situation he can anchor the organization to its right path. Sticking to a structured plan is not bad but the startup should also have something as a backup in case the plan fails. Therefore being agile and flexible in such market situations can really improve the survival rate of the startup.