6 reasons your start-up is failing

Not having a realistic business plan

Make sure to have a proper business plan before you start off

Lack of a realistic business plan can lead to wastage of time and resources.  The entrepreneur might not have the right mentorship, and hence a clear vision to drive the team towards the goal. Such a situation will lead to mismanagement of the team as well. A business plan must articulate each aspect in detail including, customer segment, distribution channels, cost and revenue models etc. of their business.