Business failure happens to 2 out of every 3 entrepreneurs within their first 10 years of business. Those aren’t very good odds. But, the good news is…. the most common reasons for business failure are avoidable. Watch this week’s vlog for all the insights:
The Small Business Association says the most common reasons for business failure include:
- Money mismanagement,
- Lack of market need,
- Inability to communicate value to the market, and
- Failure to lead your team towards your vision.
In this episode, I break down each one to help you avoid them. Want to take it even further?
After you watch the video, sign up for a free call with my team to discuss how to build your creative growth strategy to ensure you don’t become one of the statistics!
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Looking for more insights about how to start, build or scale your business? Check out more articles on the Entrepreneur Success Blog!