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Startup Mistakes
In a study conducted by Entrepreneur Weekly, Bradley
University and University of Tennessee, the failure rate for startup companies
was 44% by the end of the third year in business. Meaning, almost one in two
startups failed after three years. There are a variety of reasons for this low
success rate among entrepreneurs – from poor market research, to accelerated
growth, to lack of cash flow planning, to many others. Review the article
“Biggest Startup Mistakes and How to Avoid Them,” and discuss the following:
Select the mistake described in the article that you
think would have the greatest impact on a newly formed company.
Why do you think this mistake is so common with
entrepreneurs?
If you were the owner of a company, what you would you
do to avoid that particular mistake?
Respond to at least two of your classmates’ posts
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