Startups
Trending

Is Your Startup Failure Holding You Back?

Every person fails at some point in their life. And, it’s undoubtedly one of the scariest parts of starting your own business. Though, that concern is valid. After all, it’s...

By | John Hall | www.entrepreneur.com

Every person fails at some point in their life. And, it’s undoubtedly one of the scariest parts of starting your own business.

Though, that concern is valid. After all, it’s long been reported that an astounding 90% of startups fail. Moreover, according to the U.S. Bureau of Labor Statistics (BLS), approximately 20% of new businesses fail during the first two years of being open. After five years, 45%, and after ten years, 65%.

But, let’s say that you’ve considered the possibility of failure. To stop this from happening, you made a checklist of everything you’ve done to prepare for your startup launch. You’ve done your research. Plus, you know people need/don’t have this product/service/company.

Despite making all the right moves, your startup still fails. Maybe it was because there were flaws in your business plan, your sales strategy was sloppy, or perhaps you trusted the wrong investor. And, sometimes, there are things out of your control, such as a declining market.

Whatever the exact reason, to build a successful startup, you have to face your fears and overcome them. But what if you just can’t shake this off? Well, that means you’re less likely to pursue new opportunities.

Click here to read the full article

Source
www.entrepreneur.com
Show More

Related Articles

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button