Why Start-ups Fail: Cases, Challenges, and Solutions
- https://doi.org/10.2991/aebmr.k.211207.024How to use a DOI?
- Start-up; Shell Methodology; Failure Factors
This study revealed the top three characters of failed start-ups by analyzing five cases from unfulfilled market to team disharmony. This paper proposed three purposes. First, to analyze the primary factors why most start-ups do not succeed. Second, to identify the challenges faced by the leaders in establishing the start-ups. Last, to create solutions in minimizing the failure risk. This research collected data by observing and reviewing several academic works of literature. It presented five case studies. A SHELL methodology was employed to identify the start-ups’ failures. Findings reveal the main failure factors, such as lack of funding and products or services that do not meet market needs. This paper presents different solutions for early start-ups to minimize risks, as follow (1) focus on delivering value for cash, (2) aligning skills with the product or service you intend to sell, (3) keeping a stream of income, (4) surrounding yourself with mentors, and (5) avoid unnecessary expenses.
- © 2021 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Anastasia Kusumaningtyas AU - Edgar Bolo AU - Istianah AU - Steward Chua AU - Mahendra Wiratama AU - Nyayu Lathifah Tirdasari PY - 2021 DA - 2021/12/07 TI - Why Start-ups Fail: Cases, Challenges, and Solutions BT - Proceedings of the Conference Towards ASEAN Chairmanship 2023 (T-A-C 23 2021) PB - Atlantis Press SP - 155 EP - 159 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.211207.024 DO - https://doi.org/10.2991/aebmr.k.211207.024 ID - Kusumaningtyas2021 ER -