We only hear about the successes, but I would like to know what took your business down. Why did it fail.<p>Perhaps, by bringing this data together like accident investigation reports, we can find the common thread.
My first failed cause I listened to people who told me to not continue, and lacked a deep enough network, while trying to pay my day to day bills out of pocket. I should never ever have.<p>On the cusp of creating another.
There's a very similar thread here just last week: <a href="https://news.ycombinator.com/item?id=19141968" rel="nofollow">https://news.ycombinator.com/item?id=19141968</a>
Digital marketing + website development. I wasn't aggressive enough with acquiring new clients and went for too much low hanging fruit (people seeking my services but unable to pay standard rates). I'd spend too much time working to pay bills and didn't have enough time to hunt for new, most financially stable, clients. Voluntarily terminated the business after 15 months to join a digital agency.
1. I wasn't a professional and had no ability to act like a professional while creating quotes or selling my services. 2. My co-founder lied and didn't manage the marketing spend for ten months while saying he did. 3. Php Scripts that aren't Wordpress Plugins are hard to sell. 4. I shut down a website after calling off a wedding and being too emotionally drained to work on it.