In addition, about 25% of companies cease to operate during the first year, and only 10% survive in the long run.
Starting a tech business may sound easy. However, the reality is just the opposite. On average, 63% of tech startups fail to survive? In addition, about 25% of companies cease to operate during the first year, and only 10% survive in the long run. This unfortunate failure is due to these startups not following the basic steps of building a sustainable tech business.