Top 3 Reasons Start ups Fail

Top 3 Reasons Start ups Fail Interview with Steve Hogan, Managing Partner Tex-Rx

The Entrepreneur Challenge that is open to all students regardless of career pathways or occupational interest kicks off September 15, 2103. To support the education and training piece of the challenge, Bill Cullifer, founder of and Chair of the challenge interviewed Hogan and asked him for the most common reasons start ups fail.

Top 3 Reasons include:

•Having one founder is the most common reason
•Forgetting to ask, “Who’s going to buy this?” before launching
•Running out of capital

Hogan also provides the following advice for students.

“If you have a good idea pull the trigger. What’s the worse that could happen? says Steve Hogan, Managing Partner Tech-RX.

The Entrepreneur Challenge

Thousands of students are expected to participate in a student entrepreneurship “Start Something Today” competition launched by Bill Cullifer, founder of, and Tim Lawrence, executive director of SkillsUSA.

The competition will provide students with an award-winning start to launching a business idea, plan and pitch to business and industry professionals and win recognition and prizes. is one of the world’s leading associations for Web professionals and SkillsUSA is a 48 year-old career and technical student organization (CTSO) that has over 300,000 members in the U.S. and has served over 11 million since our founded in 1965. The two organizations are teaming up to produce the first “Start Something Today” challenge, which will be conducted completely over the Web and will be announced at the June 2013 National Leadership and Skills Competition conference sponsored by SkillsUSA.

The challenge is designed to inspire student entrepreneurs to actualize their business initiatives while sparking business creation and workforce development. The challenge will empower and equip students in career pathways ranging from healthcare, energy, information technology art and design, construction, retail, green, financial and professional services and social entrepreneurs with the proper technology tools, resources and strategies needed to produce a successful business. More info at

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