It is common to see entrepreneurs get carried away with cool and interesting ideas. The new business will have plenty of zeal but not enough strength to stand on its own. Reason? The business is not solid enough to stand on its own legs.
There's a massive difference between an interesting
Some of the would-be entrepreneurs who I have interacted with look at certain opportunities and drop the idea after doing some ground work. Reason? Somebody is already doing it and is flourishing. I spoke to one of them last week on similar lines and he is the trigger for this
Many businesses fail because there are no markets available for the sale to happen. The technology might be gen-next, the product may be one of a kind but if people don't find a need to buy your product, your business is doomed.
Mexican restaurants don't do too well in India. Why?