Why Most Businesses Fail in Their First 3 Years (and How to Avoid It)
Starting a business is exciting — it’s a bold step toward freedom, impact, and financial independence. But let’s face the truth: most businesses don’t make it past their third birthday. According to global statistics, nearly 70% of startups fail within the first 36 months. Why? The reasons may look different on the surface, but they often point back to the same root causes.
2.
Lack of Clear Vision & Planning
Many entrepreneurs dive in with passion but no roadmap. Passion fuels the fire, but strategy directs the flame. Without a clear plan, businesses drift into chaos.
How to Avoid It:
Create a solid business plan. Define your goals, market, revenue model, and growth strategy. Even if things change (they will), your plan gives you direction.
kingdaniel
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