Top 12 Reasons Why Startups Fail
Why do startups fail? We have analyzed 12 common reasons and categorized them into external and internal factors.
External Factors
Internal factors
5 common issues for external factors:
1. Inability to evaluate products, such as design for excellent (DFX) analysis.
2. Absence of professional communication with suppliers.
3. Insufficient knowledge of safety regulations and legal requirements.
4. Inability to provide a competitive price.
5. Inability to fulfill the commitment in terms of cost, delivery time, and quality.
Therefore, a suitable supplier is of paramount importance among the external factors.
A good supplier is vital to the success of startups!
Experience is the key to a quality product evaluation.
eziSourcing is a supply chain management consultant, we have:
‣ 30 years of supply chain solution experience.
‣ With our own production base and R&D team, we have an abundance of experience in various categories of products and materials.
‣ Our familiarity with safety regulations has often aided our clients in obtaining product certifications.
‣ Among our clients are several Fortune 500 companies, and commitment is our top priority.
Choose us to be your partner in success.
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