Recent years have seen a big surge in the number of people starting their own businesses, with countless individuals deciding to be their own bosses, putting their own ideas, visions, and dreams into practice and sharing new products and services with the world.
There are plenty of different benefits to starting a new small business, but there are also drawbacks. Statistically speaking, the majority of startups do unfortunately fail, with many struggling to survive longer than a few years.
There are lots of possible explanations for this. Some startups fail due to a lack of experience on the part of their founders, while others fail due to a lack of preparedness, or when those involved don’t know how to react adequately to unforeseen challenges.…Continue reading