Why Entrepreneurs Fail: Top 10 Causes of Small Business Failure

(By Stephanie Burns Contributor ForbesWomen)

CBInsights analyzed 101 business failures to compile the top 10 reasons why entrepreneurs fail. From no market need to being too early, a lot of these issues can be avoided.

1. No market need: 42 percent

2. Ran out of cash: 29 percent

3. Not the right team: 23 percent

4. Got outcompeted: 19 percent

5. Pricing /Cost issues: 18 percent

6. User unfriendly product: 17 percent

7. Product without a business model: 17 percent

8. Poor marketing: 14 percent

9. Ignore customers: 14 percent

#whyentrepreneursfail #beda #BluefieldWVEconomicDevelopmentAuthority #forbeswomen #sbsc