Reality of a Business Owner The Statistics

Over 80% of businesses shut down within the first 5 Years!

Of the remaining 20% only 10% survive beyond 10 Years!

Only 2 out of 100 generate a return on investment!!

We asked the logical question –

WHY do so many businesses FAIL so quickly?

So we found out WHY –

Research shows business failure is due to ….

  1. A staggering 61% of business failure is due to the inability to manage costs
  2. 50% poorly designed business models or no business plans.
  3. 49% insufficient capital.
  4. 37% Poor or insufficient marketing.
  5. 26% failure to seek professional advice.
  6. 50% of businesses fail because of inexperienced management

 

 

 

 

 

 

 

 

 

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