Have a great product Idea, but not sure what to do next?... This is a common problem with many entrepreneurs. Getting the necessary preparation and planning done and implemented can make or break new business launches. Currently over 80% of new businesses fail within the first 10 years. The main causes of this are a variation of wrong timed market deploy, poor product, lack of changing product to meet customer demands, lack of funding, an unorganized team and/or a loss of passion.
Most successful startups have one thing in common, they trust the data and they utilize tools and services from trusted resources to properly plan and execute their vision. We at GoEngineer have years of small business startup support and service to ensure your product can not only launch successfully, but sustain and evolve over time to an ever changing market.
20% of failed startups reported inadequate cost and pricing of product.
Over 17% of failed startups reported poor product design and/or performance.
14% of failed businesses reported little or poor marketing efforts.
13% of failed startups reported bad communication and frustration with team.
10% of failed startups reported not successfully pivoting or changing product design.
*Information based on data from sba.gov on the top factors that cause small businesses to fail within the first 10 years