Topic: What are the obstacles that lead to the failure of the project? (Read 310 times)

Confidence in your project is a very risky term.You might thing your project is the next big thing but reality would consider it absolute shit.Like every other day I see people making bitcoin price tickers and price converter apps.They certainly are confident about their project but in reality we don't need them.There are just too many of it.

If you fail,you fail.Hard to swallow pills but it just means your project couldn't work out.If a failure of a project can break you, you should just stick to the regular 9-5 job.

Bullocks.Even if God gives you a private speech you wouldn't succeed until you wake yourself from the lucid dreams and start facing the reality.

Tony Robbins is a great speaker of positive energy, by following his advice you can always succeed because you will be happy with what you are doing. This is important in crypto!

What I'm trying to drive at is that you need to be mentally tough in that kind of situation. If you are not that confident in your project, chances are you will fail. So what is your next step? Maybe you learn to adjust and evolve to make your product succeed.

So there's also that element of psychology here. Not just money, investments or vision. And we need to be positive as well. But if you fail it doesn't mean that you shouldn't get up and try other process. That's how other companies manages, they learn to adapt.

According to me the following are the cause of failure of the projects:
1.   Your product or service has no demand in the market. Before you launch an ICO, make sure there is a major audience base for your product and a real need for your offering.
2.   People make subliminal decisions in seconds, and the way your brand looks and is represented, in respect to your website, logo, fonts, colors, visuals and content, says a lot about your offering. Perception sells, and you need to make sure you invest in brand building.
3.   The higher you set your hard cap, the more budget you will need for marketing, design, development and PR. Always keep your budget and the scope of your project in mind when you are setting objectives.

Lack of funding/resources and government regulation kill ICO's at the top level. If you don't have a good product, it was going to happen eventually.

True!

Your idea doesn't need to be unique. There are lots of ideas out there that have been executed poorly, and you can still be successful with a better version.

That's wrong.Take an example of all the bigger products that failed miserably.The had all the tools, the had the required manpower and they surely had the vision! So what went wrong ? The fact is, you can never predict the market or how people will react to your idea.You can only experiment and learn from it.Growing is the process that should never stop.You will rarely come across founders who launched their first business and it was a big hit instantly.

If the idea gets executed and the final project is launched, there is a fair chance it has failed already.

That's correct, the fear is an important factor, although I'd argue about it being responsible for 80% of the project's success. For me fear comes with choices. You have to choose whether to invest, then whether to invest in this or that, whether to hire this or that person, to trust that person with responsibilities or not... Now, even if you are without fear, each of these choices can lead to your demise. For instance there were cases of exchange employees gaining access to the cold wallets and stealing the money. So, a simple choice that could have been done with the absence of fear, lead to the failure of the whole project.

Well, I disagree with what you wrote, and I do not think that you have a good knowledge in the field of  psychology and honestly, I do not care about the opinions of philosophers ( Freud..).

Firstly, Fear is protection mechanism and we born with it , so it is something inside everyone, for example : When a child is born, he/she always has a great fear of many things ( despite he/she is not  conscious), especially when his mother moves away from him/her and sometimes afraid of falling ..ect.

Secondly, we cannot live without fear, but we can live with courage, and if you are not afraid,  then there will be no courage, so there is a connection between "Fear" and "Courage"  for example, when you fear of death, and in one day,  someone tries to kill you, so of course you will have the courage to defend yourself.
"Courage is not the absence of fear. It is feeling the fear and doing it"
                                                                                                                -TJ Hoisington

Thirdly, you must learn  well before you judge on something you do not know it.  

Which ICO you mean mate. There are plenty of ICO doing like that. All we need to do is just ignore those of projects while you are enrolling yourself on bounties or while investing the your money on ICO.
Promotion is the main phase to take the people towards the project mate. If you missed the promotion with the good content project you will not have the projects reached the softcap value at all.
Then please have the good team to boom the price value of the tokens to reach the better value.

I come from a project/programme management background, not for engineering, for international organisations, but a lot of our results based management concepts were drawn from early military planning and now adopted by corporations even (terms like KPIs are all derived from RBM) and I've to say that one thing all these crypto projects fail horribly in is proper planning.

Sounds so simple and basic but the idea is that if you invest enough time and care to plan, then you get a project whose objectives are clear, accountable to stakeholders, measurable by project owners and realistically achievable. This includes financial planning (this part painfully obvious as missing).

Crypto projects seem to do things the other way round. And get away with it.

 I have been into a project which was supposed to be called as failed because the ICO was postponed for two times so it means something is wrong, a project fails especially if it needs advertisement because it is not advertise well or lack of advertisement, in other words, lack of marketing strategy, i cannot call it a psychological problem since you have made the project but it just happen that it fails because of lacking that should be address of before hovering the project. if you don't have exact money to run the project then of course it will cause you to fear. better to make things clear first before making it.

Speaking of fear, you said we cannot remove it and it is a physical state. How come you state it as a fact and not as an opinion? People followed Freud because he knew how to manipulate people from that Era. Everyone is capable of doing something they think they cannot. In my opinion, people are capable of getting rid of fear because it is all within our psychological mind. If we do not fear the unknown, then we can manage to overcome the so-called fear.

Lack of passion & determination.

thats actually true, i would rather say 100% psychology because you cant do without a mental persistence of the founder, if he is constantly unsecure he cant fund the project. and attract teammembers

without a solid psychology you cant even apply mechanics.

Merited this reply!

Which this is really the major thing which will affect project owners, if you are not mentally and emotionally strong you would really have the chance on failing even if you do have all the resources you do need. Fear and lack of determination on driving your project will not really lead you into something. Make a move and pursue on what you aim or target on because project wont be successful if its on idle state specially the owner or the team who do handle.

Lack of determination.

For me failures are more on the psychological thingy. You may have the tools, the people behind you the budget. But if you yourself is not positive about the success of your project and has doubts sooner the project will not take off causing it to fail.

In life you have to be mentally tough, and no matter want problems is in front of you, if you fear that you can't overcome it then you will fail. It's not hard to see where the problem lies and see the solution, but if you try to execute the solution but at the back of your mind you feel that its not enough, eventually that solution will just lead to failure.

Thank you for this helpful topic. I would add that sometimes people trying to realize not unique and profitable ideas. If the idea is not so good then nobody will invest in it or buy it even if you realize it professionally. You need to try again and again with new projects. 

Hello guys,  many fail to achieve the  success  of their projects ( Like, ICO ..) , despite that they try again in  many times through different attempts, but unfortunately there is always the same result ( failure ),  and  they did not even learn well  from the  failed experiences and find the reasons that led to a repetition and multiple failures.

" You will never find the solution if you do not see the problem "
                                                                                                     -Gilbert k chesterton

According to my experience, I want to give some obstacles which may lead the failure of  project, and they will be as the following:

1-Psychological problems:
" 80% of success is psychology and 20% is mechanics"
                                                                                        -Tony Robbins
So when you have a good strategy and do not have the appropriate psychology, then you cannot achieve  this strategy in reality and successfully. 

The psychological problems (like, the internal conflicts)  are the most pervasive thing in many people, unfortunately, they lead to many bad consequences ( Physical and mental ).
Plus, negative thinking is the biggest example of that issue, and that causes to a negative  energy inside this category of  people.

2- The  fear:
It is true that fear is something inside everyone (physically) , so we cannot remove it , and it is a good thing in order to move away from some harmful things ( scamming..) but sometimes it is bad thing especially when we cannot start new adventures  , and  all of this due to the fear of what will happen in the future and  the  consequences of that.

3-Lack of self-development:

Learning has no limits , and knowledge is the most essential thing for success in any field , but unfortunately, many people  believe that they have learned their project area  very well, But after that  this category will be  surprised  especially when there will be  some technical problems which may lead to the failure of their goals.

In my opinion, everyone who wants to success their ICO  project or something like that field, must learn  Blockchain  technology very well, because it is very useful  and may it will help to take a shortcut way for success.
"knowledge is potential power" .