Failed Startups
Why do startups fail due to the inability to raise new capital?
Startups are expensive, and often entrepreneurs run out of money, or don't receive money from investors.
Paying close attention to ALL details; no exact correct way to ensure stability
A Leaders skill to keep everyone on the same page
What is strong communication
This profession can be done easily from home, entitling personal thoughts and messages for viewers all over the world
What is a blog
how do you define innovation?
A new idea or product that is translated into a good or service that creates value for which customers are willing to pay
With every new product, new companies will jump on the idea to try to make it better, and sometimes companies get outcompeted.
Who takes over a new small business if the owner dies?
sole proprietorship would mean the company dies too; partnership would mean it is handed over to partner
Leaders strong self-assurance and self-esteem
What is self confidence
This profession deals with the study of cuisine
What is a cook
why does innovation matter?
It is one of sources of economic growth, well being and environmental sustainability.
Why do startups fail due to flawed business models?
With a flawed business plan the business will not have any direction to keep the idea running which would lead to failure.
" ______ over quantity" is key to a successful small business.
Quality
A leaders ability to create a solution for a problem
What is problem solving
What is a photographer
why do we measure innovation?
To ensure that the process is going in the right direction
Why do pricing, and cost issues lead to startups failing?
It is very difficult for companies to know how to correctly price the items or products, if the product is priced too low or too high it can destroy the product fully.
TikTok
Leaders ability to prop up and support others
What is empathy
This profession deals with the understanding of fitness and being able to apply it to someone else's life for them
What is a personal trainer
strategic, operational, legal, and cultural
Why do startups fail due to legal challenges?
Startups fail due to tariffs, patents, and lawsuits that can make the company end up in legality issues.
This is something that can impact a small business on a micro or macro level.
Changing economy
The improvement of an already existing product
What is innovation
This profession deals with using your own knowledge and projecting it onto other
What is a teacher
how to succeed in innovation
transparency and clear goals