The Top 5 Reasons Most Startups Fail and How You Can Avoid Them
June 29, 2022
With more than 90% of startups failing, it seems that having a successful startup can be one of the hardest things to do nowadays. But
GlobalEdgeMarkets (GEM) offers comprehensive Business Growth and Turnaround services designed to revitalize underperforming companies and guide them toward sustainable profitability. Our approach combines strategic analysis, operational restructuring, and financial management to address challenges and unlock new growth opportunities.
We understand that many businesses face challenges when trying to expand and grow. Whether legacy systems or funding issues, these can be daunting roadblocks that impede success. That’s why we’re here to help businesses unlock their potential, enabling them to reach new heights of prosperity by tackling such obstacles head-on.
Legacy issues commonly refer to outdated systems, processes, or technologies, while a business’s funding issues may relate to the ability or inability to access adequate financial resources. To help companies to tackle these challenges, it is essential to create an environment of expertise that applies the latest industry best practices and openly evaluates opportunities for improvement.
We conduct a swift yet thorough evaluation of your company's current state to identify core issues affecting performance.
Based on our assessment, we develop a customized turnaround plan focusing on critical areas such as cash flow management, cost optimization, and market repositioning.
Our team works closely with your leadership to execute the turnaround plan, providing hands-on support to ensure effective implementation.
We establish key performance indicators (KPIs) to monitor progress and make necessary adjustments to keep the turnaround on track.
Resources such as data analytics can be used to identify where existing systems or processes can be upgraded with more effective or efficient alternatives. Similarly, sourcing alternative funding initiatives can help businesses access the necessary capital to pursue growth opportunities.
By addressing legacy and funding matters proactively, companies will be able to maximize their success potential and start seeing actual results for their future endeavors.
With more than 90% of startups failing, it seems that having a successful startup can be one of the hardest things to do nowadays. But
Regardless of if you’ve been running a business for years, or just launched a startup last week, business optimization is crucial to the development and
Business resilience is defined as an organization’s ability to act quickly and efficiently to adapt to potentially hindering disruptions while maintaining business operations, assets, employee
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