94% OF START-UPS FAIL WITHIN THE FIRST 5 YEARS: How can we avoid failure?

94% OF START-UPS FAIL WITHIN THE FIRST 5 YEARS, AND 98% WITHIN THE FIRST 10 YEARS.

How can we avoid failure?

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Failure cannot be totally eliminated as most of successful entrepreneurs have recorded some failures as part of their success stories. Most of the people they learn from failures at some point. Failures at some point can as well energize entrepreneurs to do much better in a more aggressive manner.

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The entrepreneur falls several times and rises several times until he/she records success.

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Failure is a huge form of failure. In life, one way or another, we always end up failing at something.

But that’s not a good enough reason to be drawn into failure. Let’s learn from other people’s mistakes.

I am going to share with you the results of a study conducted on 200 companies around the world that have succeeded or failed over the last 20 years.

Failure teaches us enormous lessons. In life, one way or another, we always end up failing at something.

But that’s not a good enough reason to be drawn into failure. Let’s learn from other people’s mistakes.

I’m going to share with you the results of a study of 200 companies around the world that have succeeded or failed over the last 20 years.

Bill GROSS, the founder of the IdearLab incubator, reveals through a study, the 5 determining factors for the success or failure of a start up. Here are these 5 factors in order of importance

  1. Timing
  2. the team
  3. The Idea
  4. The business model
  5. Finance
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By making sense and good care as well as the performance during business hours and time and always be on target for your achieving your perfect goal like a your boss always roll on his business, believe that and know that entrepreneurship journey is a long time schedule and make your easier to understand, be patient.

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Start up companies fails within the first 5yrs because they refuse to acknowledge that changes happen in the society, economy, environment and so on… By acknowledging this changes and ready to flow and adjust to the changes, you have created an opportunity for your business to move further ahead because you’ve factored in these changes… With this, your business will continue to thrive. But if these changes are not factored in, your business is heading to destruction because other people are ready to fill the void your business refuse to acknowledge.

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