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Phronesis: Practical Wisdom for Leaders with Scott J. Allen cover image

Martin Gonzalez - Why Teams Are Harder Than Tech

Phronesis: Practical Wisdom for Leaders with Scott J. Allen

NOTE

Focus on People to Prevent Startup Failure

The primary reason for startup failure is often misattributed to technology, market timing, or financial constraints. Research indicates that a significant 65% of startups fail due to people-related issues. This encompasses conflicts among co-founders, inadequate team dynamics, poor hiring decisions, and the retention of mediocre talent while losing top performers who seek better opportunities. Addressing these human factors is crucial for the success and sustainability of startups.

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