- They don’t have a clear and professional business plan.
- Their business plan is poor.
- Their business model is not sustainable.
- They don’t know their target market.
- They lack a marketing/sales strategy.
- Their management team is weak.
- They lack understanding of their products/services.
- They lack initial capital.
- They don’t use professional advisors.
- They offer poor success fees to fundraisers.
- They cannot retain professionals.
- Their project is too risky.
- Their project is hard to execute.
- They cannot present their idea properly.
- They lack a proper data room.
- They lack supporting documents.
- Their projections are too optimistic.
- They lack a proper financial model.
- They lack financial knowledge.
- They engage too many investors at once.
- They lack an expansion plan.
- They have an idea, not a business idea.
- Their idea cannot be commercialized.
- They don’t know how to commercialize their concept.
- They focus too much on R&D.
- They are arrogant.
- They think they are already successful.
- They don’t understand competition.
- They don’t know how to run a business.
- They fear sharing information.
- They keep too many secrets.
- They are not open to suggestions/partnerships.
- Their ego overrides business success.
- They live in the past.
- They deceive their advisors.
- They manage too many projects simultaneously.
- They have a comfortable income.
- They lack passion for success.
- They are lazy.
- They lost money in the past and became rigid.
- They don’t know their competitors.
- They stopped working hard.
- They lost their passion.
- They are not convincing.
- They are speculators.
- They think they know everything