7 Mistakes Startups Make and How to Avoid Them

The 7 Top Mistakes Tech Startups Make and How to Avoid Them

Startups face lots of challenges, to be certain, and it’s estimated that as many as 7 in 10 startups ultimately fail over the span of a decade. According to Investopedia, a little over 21% of startups fail in the first year, followed by 30% in year two. By the fifth year, 50% have folded and by the decade mark, 70% of startups have closed their doors.

So how do you ensure that your business is among the 30% of startups that are still in business after ten years? Well, there are a number of mistakes that hold the potential to harm a startup. Let’s look at 7 mistakes that tech startups make and how you can avoid these pitfalls.
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