Starting a business is an exciting venture, and you’re guaranteed to start with high aspirations and dreams for your new entrepreneurial adventure.
However, the reality of entrepreneurship can be harsh, as many new businesses struggle to survive beyond their initial years.
Statistics reveal a sobering trend: around 60% of businesses do not make it past their first three years.
This begs the question: why do businesses fail?
In this article, we’ll explore the 12 most common problems in business that lead to failure, as well as how to overcome them and guarantee longevity from your new venture.
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