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50% of Businesses Fail Within the First Five Years. Here Are The Top Reasons Why.

Friday, 15 October 2021 by Tracy
businesses fail

Starting a new business is exciting. You have a passion for your product or service, you think you’ve identified the market for it, and you dive in after doing your research. But the statistics are harsh: a full 50% of small businesses fail within the first five years of operation. By year ten, this number skyrockets to a full 70%! And according to the US Small Business Administration, this number can vary so much that the failure rate can be as high as 95% by year five. (more…)

businesses failcash flowinvoice trackingtop reasons
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  • Published in Business Growth, Invoice Payments, Invoice Tracking
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