10 Reasons to Think About a Project Failure

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When there is a terrific idea for a startup, dreams of successful implementation often do not give you an opportunity to evaluate things objectively. And even when it seems to you that the magazine Forbes will put your project in some top ranking, in fact, it can barely show signs of life. Prepare your fingers, this time we will count factors that make your project dead and hopeless.

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Lack of Strategy

The strategy for your project is needed for two reasons. Thus, the team will be able to clearly understand its responsibilities and set deadlines. The initially set high-level goals will not be an empty ideology for everybody but only a small step that will finish the long journey. Without an initially thought-out strategy, you risk getting lost in the constant dreams and tips.

Uncertainty About the Quality of the Project

If anybody from your team does not understand the sense of the project and does not initially believe in the ultimate success, you have huge problems. The first task of selecting a team for the project is to introduce every detail and general concept, to make everyone believe in the inevitability of success.  Without burning eyes and the team’s faith in the victorious finale, you are doomed to the loss of time and money.

Lack of Role Distribution

The second most important command task is the clear distribution of roles in the team. Even in the team of three developers, there should be a clear organizational hierarchy: leadership, management, execution. By delegating responsibility to each member of the team, you thereby support interest in the result and have the opportunity to get a little more from each member.

High Employment

The startup team usually consists of people who have additional employment somewhere else. When a person sits in the office, developing 2-3 projects, and then comes home and sits down for another one, the efficiency of the activity falls many times. Therefore, it is necessary to monitor the employment of each team member. And if the qualification of someone still makes you take such an imprudent risk, make sure that your project is in his/her priority.

Mistrust

To assemble the team of good developers is one task and making them work well is quite another one.  One of the main factors of successful interaction is the confidence of team members in the professionalism and skills of each other. Without this, you will have to take control of every little thing. But another question arises immediately: who said that you are competent?

Key Personnel Losses

An important indicator of the approaching disaster is the massive departure of the staff. Perhaps, the reason for this is not the lack of faith in ultimate success and not internal conflicts. But the departure of key members of the team is at least an indication that the work has dragged on and there are more interesting projects somewhere else.

The Self-Serving Development Environment

Very often in start-ups, there is such phenomenon as elementary ‘dissipation’ of sponsor’s means at a practically full absence of project development. The reason is elementary: the person who participates in the start-up does not bear risks at all. You can even avoid reputational harm in the event that the organizer had no experience at the time of the start. That’s why you should not rush to find a third-party funding.

Broken Deadlines

In any company, a situation when the project had to be finished over yesterday, may be the norm. In freelancing, this is less common simply because reputation determines demand. But in startups, specific terms are set by the organizers themselves, that’s why broken deadlines are not perceived so seriously. But problems with time most clearly indicate the failure of your strategy.

Limited Resources

Any financial, human or moral difficulties taking place in your project from the very beginning are a test for you as an organizer. If such problems are not solved, then this is the organizer’s fault. If a cool idea cannot gather people and resources around itself, does it need customers?

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