There is a bleak statistics that might discourage wannabe entrepreneurs from pursuing their dreams. Take note however that these numbers will either challenge you to traverse the jungle of an unknown future with a resolve to arrive at your desired mountain peak or weaken your resolve to pursue and be among the majority of people whom Henry David Thoreau described as leading lives of quiet desperation. Brace yourself with these data: Around 20 percent of small businesses fail within the first year. By the end of the second year, it will go up to 30 percent. Half is expected to close by the end of five years and only 30 percent will remain by the end of a decade. If you’re on your 3rd year in business and is going strong, congratulations, you’ve survived mortality! Get ready and be prepared then for the next two years for there is a grimy outlook for another 20 percent death of businesses. At […]
Daily Archives: June 22, 2022
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