Why Do 7 Out Of 10 Startups Fail? | The Startup Videos: "Startup failures can be pretty bad; time and money losses can throw you into despair. But why is there are a high rate of failed startups as compared to successful ventures? The success of a startup can be stripped down to the basic product or service and the potential market for it.This is a crucial step that you need to consider before launching your business; unearthing customers for your planned product or service idea. Certainly it would be foolish to create a product for which people have no need for because that is a sure recipe for failure. A proper market and consumer research is essential to determine the validity of your idea."
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