Is there a real need for the product? Who is the target customer? Was there a product-market fit?
Many start-ups falter because they neglect thorough market research, resulting in a misaligned product-market fit and tepid demand. Entrepreneurs fail to understand funding, building the right rapport with co-founders, having an unclear value proposition, so on and so forth.
In this episode, we discuss the factors and reasons that lead to 90% of start-ups failing within the first five years. Additionally, we share measures and advice on how entrepreneurs can ensure the build a thriving business.
Resource List:
StartUp Failure Rate and Statistics In India: https://forgefusion.io/startup-failure-rate-and-statistics-in-india/
Start-Up Guide by Google:
https://about.google/intl/ALL_in/philosophy/?utm_source=about.google&utm_medium=social&utm_campaign=copy-link
History of Uber: https://www.thestreet.com/technology/history-of-uber-15028611
History of Airbnb: https://historytimelines.co/timeline/airbnb
Article on Steve Job’s firing from Apple Inc.:https://www.thecorporategovernanceinstitute.com/insights/case-studies/why-did-apples-board-fire-steve-jobs-in-1985/
1,000 True Fans | Kevin Kelly | The Tim Ferriss Show: https://youtu.be/py43k-mSG7s?si=zYLECUSLekCsSi89
Good to Great, Book by Jim Collins: https://amzn.in/d/00BRz2W3
About SparX by Mukesh Bansal
SparX is a podcast where we delve into cutting-edge scientific research, stories from impact-makers and tools for unlocking the secrets to human potential and growth.
We believe that entrepreneurship, fitness and the science of productivity is at the forefront of the India Story; the country is at the cusp of greatness and at SparX, we wish to make these tools accessible for every generation of Indians to be able to make the most of the opportunities around us.
In a new episode every Sunday, our host Mukesh Bansal (Founder Myntra and Cult.fit) will talk to guests from all walks of life and also break down everything he's learnt about the science of impact over the course of his 20-year long career.
This is the India Century, and we're enthusiastic to start this journey with you.
Follow us on our Instagram: / sparxbymukeshbansal
Also check out our website: https://www.sparxbymukeshbansal.com
You can also listen to SparX on all audio platforms!
Fasion | Outbreak | Courtesy EpidemicSound.com
Built to Last: Book by Jim Collins: https://amzn.in/d/06UJQDXy
The HP Way, Book by David Packard: https://amzn.in/d/09M92m6N
