Why Startups Fail: Avoiding the Facebook and Apple Traps
Many startups enter the market with revolutionary ideas and great products, but even that doesn’t guarantee success. In this video, we discuss two major reasons why startups fail, and how to avoid them.
The first mistake is trying to replicate Facebook’s success. Facebook’s rise was more about luck and timing than careful planning, and very few startups will experience the same fortunate circumstances. Chasing such an unrealistic goal sets startups up for disappointment. Instead of relying on luck, focus on building a sound business plan, conducting market research, and executing it well.
The second mistake is wanting to be like Apple from day one. Apple didn’t become a tech giant overnight—it took decades of gradual growth, strategic moves, and many failures. Trying to emulate Apple’s current success too early can lead to overspending and burnout. Instead, think big but start small, focusing on sustainable growth.
Other common mistakes include:
- Poor money management
- Skipping a detailed business plan
- Inability to pivot
- Poor product development
- Inadequate marketing efforts
This video, written by Toomaj Freydouny-Bungs, goes deeper into these key mistakes and provides practical insights on how to avoid them. Learn from the failures of others and set your startup up for long-term success. Watch now for in-depth strategies to build a sustainable business!
