Top three errors of innovating engineering and technology start-ups
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The early hurdles of setting up a new business are fairly well known: choosing a name, setting up a legal entity, raising capital, evolving a product or service to sell etc. Having made all of this effort, it’s a shame that the failure rate is so high. 90% of technology start ups fail. Whilst some of these failures may have been inevitable, many fail due to common errors that undermine a company’s ability to survive, grow and scale.
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The early hurdles of setting up a new business are fairly well known: choosing a name, setting up a legal entity, raising capital, evolving a product or service to sell etc. Having made all of this effort, it’s a shame that the failure rate is so high. 90% of technology start ups fail. Whilst some of these failures may have been inevitable, many fail due to common errors that undermine a company’s ability to survive, grow and scale.
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