They say 90% of businesses fail in the first 4 years.
Have you ever wondered why so many businesses fail?
Check out this blog post called “8 Reasons Why Small Businesses Fail” by Lee Polevoi and discover the common reason why businesses fail…
“Nobody starts a business expecting to fail, but sobering statistics indicate that many do, in fact, go under. According to the Small Business Administration’s Office of Advocacy [PDF], three out of 10 new firms with employees fail to survive for more than two years, and about five out of 10 close up shop within five years. The survival rate is even lower for sole proprietors.”
“There are many external causes for small-business failure, including market size and customer demand, but other equally important factors can hobble a business in its earliest stages — and prove fatal in the long run.”
“Here are eight reasons why small businesses fail…”
Photo by Nima Badiey
- Why You Should Learn To Love Failing Just Like Silicon Valley Does (baybusinesshelp.com)