Did you know that, according to Forbes, eight out of every 10 start-up businesses fail within their first year? While there are a number of reasons for this high attrition rate, one of the most crippling is technology. Consider, as eMarketer statistics show, web users are expected to funnel $1.5 trillion into goods and services purchased online by the end of 2014. Without a keen understanding of technology, young businesses are doomed to failure before they ever get started. Here are three of the most common mistakes, ranging from poor choices for server rack cabinets to outsourcing, that are forcing so many start-ups to close their doors.
Three Common Technology Mistakes Your Start-up Needs to Avoid
- Trying to Do Everything for Yourself