The 3 Hidden Causes of Business Failure
You’ve heard the alarming statistics, right? Almost two-thirds of small businesses never make it to their 10-year anniversary.
But what is the why behind these business failures? Most people assume it’s simply running out of money. While that’s certainly a factor, it’s usually not the most common reason. Another big one you often hear about is burnout. That’s definitely a prevalent symptom among business owners. I recently saw a post from an owner celebrating five years, who admitted that if they’d known how hard it would be, they never would have started.
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