Startups die frequently, quickly, and painfully. Whatever statistics you believe in, whether it’s the one that says 75% of venture-backed firms fail or the one that says 50% of all businesses fail within five years.
Of course, that doesn’t imply you should make a U-turn and cut your losses on the next street. Every company is unique, and how well yours thrives, in the long run, is determined by a variety of factors currently in play.
These elements include how well your product resonates with your market, how healthy your ROI is, and even how well you as a leader adapt to the demands of an unpredictably changing marketplace.
Truth be told, cutting your losses and fleeing maybe your greatest option for freeing up time and energy to establish a more sustainable (and profitable) business elsewhere. “Becoming able to quit things that don’t work is fundamental to being a winner,” says Tim Ferriss.
Here are three telltale signals that your firm is on its final legs, culled from startups whose founders abandoned them.
Masking in a negative Return On Investment
Continue reading 3 Signs that makes Die your Startup