Mayo615's French Odyssey Week 33
Channel: Mayo615
Date: 2019-12-02

Hello! 
…and welcome to the Week 33 Update of Mayo615’s French Odyssey and how to transform Big Ideas into Big Realities. I am often asked why startups fail? There are long laundry lists of reasons that aren’t very helpful, but I have a shortlist of three major issues I prefer that helps to focus on the big reasons. The first reason for startup failure and the most common are market problems like inadequate research, limited knowledge of the customer, or poor market timing. A poor business model and the need to change it is often not recognized. See my post on pivoting. The second reason is a poor management team which should be obvious but often is not, and the reluctance to deal with changing the team. The best investors are most interested in the team dynamic. The third reason for failure is product problems. Often the first product that a startup designs doesn’t meet the market need. In the best cases, it will take revisions to get the product fit right. In the worst cases, a complete product re-think is required. Engineering driven teams most often have product problems. There are many other reasons but they are less common.
I have added an Entrepreneur Resources Playlist to this YouTube Channel, and remember the 400 plus posts on my blog, mayo615.com including a post on Facebook and Google’s foreign market failures. We look forward to your comments and questions. We will respond to all comments and questions and may feature comments in our update videos. If you like what you see here, recommend us to others and click here to SUBSCRIBE NOW!