Not enough feasibility study secondly workers/employeesHello! Dear JF Members.
Hoping that you're doing well in your daily undertakings.
Indeed, I face bad times on my ways especially when trying to make Investment choice and business analysis. And leading into generation of various questions that pop up in my mind, as long as business arena is concerned.
My doubt is;- Why most startups fail within a short period of time when launched.
Thanks for your constructive viewpoint.From what i know is that most founders usually are focused on technical aspects rather than business and operation sides of things.
They dont have business skills a product needs to be sold companies needs to have revenue and be sustainble especially in the context of Tanzania where there are no VCs throwing around money like in the silicon valley and its much less likely to exit when you are in Tanzania than in other markets like Nigeria or Kenya or SA.
Those are just quick one and twos there are many more reasons why start ups are likely to fail thats why its rather easy for a vc to fund a business with traction than start a new start up to compete.