Top 5 reasons for Entrepreneurial Failure
By siliconindia
Too much Drawing
Many entrepreneurs make the mistake of underestimating the time and amount needed to break-even the cash flow, thus causing promising ventures to shut down prematurely. Prepare a budget to cover up the working capital and reserves including startup losses, until the company becomes cash flow positive. Some entrepreneurs have the perception of raising enough funds in the later date to overcome the shortage, but forget to calculate the pros and cons of funding, which can even backfire and leave them unable to sustain in the market.
