Main Reasons For The Failure of Small Businesses

Jan, 2023

By the number of startups, the USA is the leading country in the world. More than 72000 startups are running there. The rate of startup failure is more than 80%. Even more than 10% of startups fail within the year of establishment.

People want to run their businesses because of several reasons. Controlling own destiny, finding work-life balance, following their passion, and giving back to responsibility are some common and crucial reasons that encourage people to start a new business.

Before starting a business, you need to know the reasons that can lead startups to failure. Considering the reasons for failure can help you take appropriate measures to keep your business running in the long run.

Fear of failure, running the business without a plan, having an unorganized working pattern, poor business understanding, and selecting the wrong partners are some critical reasons that lead to startup failure. The infographic below will help you know more about the reasons for startup failure.

Main Reasons For The Failure OF Small Businesses

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