Have you ever wondered why only 50% of all small businesses succeed after 5 years?
Did you know that after 10 years only 33% still remain…
Why?
Statistics say that businesses fail for at least one of the below reasons:
- Insufficient Capital
- Location, location, location
- Lack of Planning
- Overexpansion
- No presence in digital – Website and social media
Boil this down – most are missing know how or expertise.
This means the difference between success and failure is often as simple as knowing where to get the answers and having resources within reach.