A business startup is a risk but it always provides a new opportunity too. It has been seen often that startups companies that have their domain as ‘new technology’ comes out with huge returns.
These companies are typically research driven and bring out something new that has a big demand, or comes out with a new way of doing something old. If you are looking for the small business startup then, you can browse https://collabspace.ca/business-needs/new-entrepreneur/.
Why do you need startup mentoring?
There is no denial to the fact that many startups fail in their nascent stage, and they may have a number of reasons for the same, the likes include entrepreneurs being naiveté and lack of supportive startup ecosystem, lack of funds, poor market conditions and much more.
Business Startup and Failures
When it works it looks really great. But often it doesn’t and this is what worries most people and makes them stay where they are and not go in for it themselves.
In fact according to statistics, the failure rate of business startups is much higher. Startups’ failing is one reason why the dotcom bubble burst at the end of the last century. So this is one reason new entrepreneurs should constantly worry about.
But that is no reason why they should not open business startups. After all, ‘failures are the pillars of success’. If you have the confidence and have a practical plan, then it is more likely that you will be successful.