Justin opened a physical therapy business in a new location and hired two key therapists well known in the area.Recently, the therapists informed Justin that they are starting their own physical therapy clinic and have been talking with all the referring physicians, telling them of their plan.Which top reason for startup failures was represented in this scenario?
A)bad location
B)no market need
C)get outcompeted
D)not the right team

Question

Quizplus · Accepted Answer

The reason for this startup failure is that the two key therapists, who were part of the original team and likely played a significant role in the success of the business, are leaving to start their own clinic. This highlights the importance of having the right team in place to ensure the success of a startup.

Justin Opened a Physical Therapy Business in a New Location