5 Ultimate Reasons Why Most Startups Fail Within 3 Years Of Operation :A Beginners Guide

According to Raphael Matu, Economist, financial advisor and an entrepreneur,many people get into business without a clarity about their objectives and as a result, about 80% of startups fail before they manage to get to their 3rd Anniversary. Based on his research,here are the 5 ultimate reasons as to why most businesses fail: Lack of resilience -most individuals get into business with a wrong mentality, hoping for their business to realize gains after a short period of operation.The reality is quiet contrary,it is important for every business owner to remain resilient for a stipulated period of time before he can realize gains.Some can take upto a year before they make their first profits but it's really crucial to remember that,just like a job ,a business is also difficult to start and operate, it's theirfore your responsibility to choose your difficult. Getting into a wrong business -most individuals get into business for wrong reasons,just because your friend is operating...