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Startups in Serious Trouble

The most common reason a startup fails is lack of capital. Even if you have a great idea and have a consumer base, that's not enough to make a successful business. You must conserve your resources to ensure your business grows. In addition, many startups hire the wrong people. Entrepreneurs need a talented team. This means hiring individuals who have the skills and expertise to run your business, not just those who love your idea.

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Photo: startupobserver.com

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