My startup failed now what? This is the question that comes to the mind of every entrepreneur after his/her startup fails. According to the National Venture Capital Association, between 25% and 30% of venture-backed companies end in failure.
Many entrepreneurs have experienced early failures before finding success, so it’s important to realize that there is no straight route to the top.
Understanding the client is a critical success element for startups and any other company that wants to thrive financially. If you don’t know your target market, it will be impossible to create a product or service that will really satisfy your clients’ needs.
In this guide, you will know what to do after startup failure and how to get back on your feet again. First, let’s talk about the most common reason why startups fail and what may be done to avoid that situation.