Why Many Small Businesses Fail in the First Year

It is no longer news that an overwhelming majority of small businesses fail within their first year of founding. What is news is that the reasons for these failures are in almost all cases very similar. These reasons are known and have been around since people began to get involved in the organization of men and materials for the purpose of pursuing an economic venture. That is what is now known as a business. Fact is, those who know and are able to do all in their powers to successfully work around these reasons are the few who succeed in their chosen businesses. They are the ones who manage to become successful entrepreneurs.

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