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276 total views According to statistics published in 2019 by the Small Business Administration (SBA), about twenty percent of business startups fail in the first year. About half give up within five years and within a decade, only about 33% manage to survive. 1. Common Reasons for Startup Failure While there are a ton of reasons why small businesses fail, very often, it is because they made some common mistakes. The business was started for the wrong reasons The right reason for starting a business is having something you are passionate about and…
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