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Top 5 reasons most businesses fail
We all have been told some rules. Businesses fail 70% of the time in the first two years, and 80% will not make it to five years, but what they hide is that statistic is the same for 5-10 years as well. This can mean that there is a chance only 4 -16 businesses will get to the ten year mark per 100 starting. Perhaps these are wives tales or urban legends but if they are not, why would it happen? Let's isolate 5 reasons how NOT to go out of business by looking at how people do.
Most say that 90% will fail or be out of business in that 5 years on average.
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