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How many businesses fail?

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Anonymous

17y ago
Updated: 8/16/2019

I'm not sure I understand the question. If you are referring to how many businesses fail, then I can tell you that over 70% of the businesses that start today will fail within the first five years. This is not to say they will make it that long, but they will fail within that time frame. Some of the major reasons for business failure include:

* No written plan * Undercapitalization * No outside guidance (coach or mentor) * Poor location * Lack of informational resources (internal and external)

* Never took a business course * Poor management skills

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Wiki User

17y ago

What else can I help you with?

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