Fast failures – how scaling prematurely can kill your company
Almost 90% of startups fail. Of the remaining 10%, only 1 in 10 survive the first year of operations, and a further 70% dropoff rate is common within 2-5 years. However, if there is a statistic that shows the unwavering spirit of entrepreneurship, it’s this: despite these incredibly slim chances of success, over 305 million startups are created globally each year. Startups fail for many reasons, from naivety to insufficient market need – and everything in between. But a major…