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Finding Solutions to Business Problem
Defining problems and possible solutions
Example prompts:
I need advice on how to Manage Staff, I ran out of Cash, Management Issue
Using Data to Inform Decisions
The reasons why thousands of startups which failed throughout the world were analysed.
In today's business world, making informed decisions is crucial for success. Digital data and market intelligence provides valuable insights that can shape strategies and outcomes. Data analysis tools can help streamline the process, and data cleaning ensures reliable analysis.
We have sourced datasets from three continents, to
Using Data to Inform Decisions
The reasons why thousands of startups which failed throughout the world were analysed.
In today's business world, making informed decisions is crucial for success. Digital data and market intelligence provides valuable insights that can shape strategies and outcomes. Data analysis tools can help streamline the process, and data cleaning ensures reliable analysis.
We have sourced datasets from three continents, to provide the widest range of pivot options. Data from key supporters include Failory, Beauhurst, CREME and CBInsights.
Why Startups Fail
From lack of product-market fit to disharmony on the team, CBInsights have accessed datasets for the top 12 reasons for startup failure.
Benefiting from information provided from several leading research institutions. CBInsight (see chart opposite) conducted post-mortems on the failure data to see if they could answer that question.
After reading through stacks of post-mortems since 2018, they learned there is rarely one reason for a single startup’s failure. However, they did begin to see a pattern to those stories., identifying the top 12 reasons
Why Startups Fail
From lack of product-market fit to disharmony on the team, CBInsights have accessed datasets for the top 12 reasons for startup failure.
Benefiting from information provided from several leading research institutions. CBInsight (see chart opposite) conducted post-mortems on the failure data to see if they could answer that question.
After reading through stacks of post-mortems since 2018, they learned there is rarely one reason for a single startup’s failure. However, they did begin to see a pattern to those stories., identifying the top 12 reasons startups fail.
hibretOne has used that failure information to create pivots and valuable resource tools ro prevent other startups and scaleups falling to that, or similar fates.
Categorising Startup Failure
Knowing the category of problem ensures you go to the right place for that support, which may save your business.
The best startups have a clear purpose. They know their mission, and they stick to it. But not all startups are so lucky. Some startups don't have a clear purpose, and they often fail as a result. Proven options from other founders on how they avoided failure, pivoting their entire business, or just pivoting in strategy.
In a study detailed by CNBC, 75% of founders stated pivoting and finding solutions to problems helped lead to success.
Categorising Startup Failure
Knowing the category of problem ensures you go to the right place for that support, which may save your business.
The best startups have a clear purpose. They know their mission, and they stick to it. But not all startups are so lucky. Some startups don't have a clear purpose, and they often fail as a result. Proven options from other founders on how they avoided failure, pivoting their entire business, or just pivoting in strategy.
In a study detailed by CNBC, 75% of founders stated pivoting and finding solutions to problems helped lead to success.
Categories of Business Failure
The 6 Categories of Business Failure
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