Entrepreneurship is one of the leading industries in the international market and the Egyptian market in particular, but a large percentage of startup companies fall before they reach advanced stages of growth. According to some international reports, only 10% of emerging companies succeed.
CB Insights says that the main reasons why startups fail is poor selection of the appropriate service for the market, as 42% of companies fall because the market does not need their services.
Statistics showed that 23% of startups fall due to choosing bad timing to launch products, while 18% fail due to miscalculation of price and cost.
The weakness of the services themselves could also force companies to fail. According to the report, 17% of companies suffer this problem, while 14% of them fall due to the weak market itself. In addition, 8% of startups fall due to legal problems.
A GEDI report has ranked Egypt at 13th across the Middle East and North Africa in the entrepreneurship industry and 81st globally.
