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Canada is a startup hotbed, with Toronto and Vancouver ranked 11th and 19th respectively on Startup Blink’s ecosystem rating. That said, even with a supportive business environment and a robust network of funds, credits, and grant financing, building a successful startup remains statistically elusive. Even in Canada, not every entrepreneur makes it. There’s no magic formula to make any business fail-proof. That doesn’t mean, however, that there aren’t lessons to be learned or things to avoid that will amplify your likelihood of success. Dissecting what the main causes of failure are and comparing them against best practices for success can lead to some very valuable insights. Go to full article