Why Most Start Ups Fail and What to Do About it

I’m always happy to pass on great info...and this is great info! I’ve included a few snippets below lifted from the full article.

Most new businesses are doomed to fail even before they get started.

According to the Australian Bureau of Statistics more than 60 percent of Small Businesses fail within the first three years. I believe this number is even higher, because many businesses that fail were not even registered as businesses in the first place.

Yet, every year more aspiring entrepreneurs decide to go into business for themselves only to make the same fundamental mistakes that others have made in the past. They are inspired by the numerous stories of entrepreneurs who have put everything on the line to start and build a business and how these entrepreneurs have reaped the rewards.

The challenge is there is a “success bias” with these types of success stories. In other words, aspiring entrepreneurs only hear and see the stories of those that have succeeded and not of all those that have failed. There are not many books that have been written along the lines of “I tried to be an entrepreneur once and failed – The Happy Failed Entrepreneur”.

Do you need more detail on this subject? Head on over to the full article here for more ideas and perspective. Afterwards, why not drop me an email to share your thoughts [email protected]; or call me on (0467) 749-378.

Thanks,

Robert