[vc_row][vc_column][vc_column_text]You hear statistics about how frequently startups decline everywhere. Most of which are valid. If you are a prospective business owner, how can you be positive your business will be a victory? Well, sadly there is no way to be 100% sure. However, many CEOs have reoccurring successful ventures back to back – so the outcome of your company certainly isn’t random. Hopefully, with lots of hard work and knowledge, your company can be another success story.
Here are a few of the most common reasons so many startups fail.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”They aren’t familiar with the industry” use_theme_fonts=”yes” css=”.vc_custom_1513198698063{padding-top: 20px !important;}”][vc_column_text]It’s exciting starting a business. Anyone who has gone off working on their own can tell you that. Sometimes that excitement can lead perspective owners to jump thee entrepreneurial gun. It’s best to start a business when you are familiar with the industry. And getting that feeling of industry comfort takes time. If your thinking about starting a business, spend some time in a similar working environment. It will give you an idea of what to expect as well as introduce you to influencers in the space.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”They don’t have access to capital” use_theme_fonts=”yes” css=”.vc_custom_1513198938850{padding-top: 20px !important;}”][vc_column_text]So many things can go wrong in the small business world. Maybe you are having a dull couple months, lost a few good employees, or need leverage to grow. Regardless of your needs, businesses have expenses they are required to meet every day to operate normally. These needs are often immediate – but temporary. This is where alternative lending can help. Cast Capital‘s programs are about getting small organizations their funds fast and with no headache. We’ve simplified the underwriting process as well as tailored programs to meet different financial needs.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”There is no market for their product/service ” use_theme_fonts=”yes” css=”.vc_custom_1513199408388{padding-top: 20px !important;}”][vc_column_text]Have you ever come up with a genius idea for a business? And then only to realize, after some thought, that it was a terrible idea. There are lots of products out there that lack viability and simply can’t sell. When starting a small business, make sure you are filling a real need. And even more importantly, think your venture all the way through before launching. You’ll be happy you did.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”Failure is a step closure to success ” use_theme_fonts=”yes” css=”.vc_custom_1513199869598{padding-top: 20px !important;}”][vc_column_text]There’s no shame in not having a venture workout. In fact, you’ll most likely be happy to have made the attempt. A failure is a huge opportunity to learn. Most of the very successful people today have had multiple failed tries before reaching their goals. It’s about how you react to those downturns and your willingness to learn that show your true character and improve your likelihood of future success.[/vc_column_text][/vc_column][/vc_row]