{"id":15188,"date":"2022-11-17T10:56:08","date_gmt":"2022-11-17T07:56:08","guid":{"rendered":"https:\/\/finstockevarsity.com\/resources\/?p=15188"},"modified":"2023-08-07T23:12:42","modified_gmt":"2023-08-07T20:12:42","slug":"6-reasons-why-people-fail-in-business","status":"publish","type":"post","link":"https:\/\/finstockevarsity.com\/resources\/6-reasons-why-people-fail-in-business\/","title":{"rendered":"6 Reasons Why People Fail in Business"},"content":{"rendered":"
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6 Reasons Why People Fail in Business<\/h2>\n

It is often said that more than half of new businesses fail during the first year. Data from the Bureau of Labor Statistics<\/a>, (2015) shows that approximately 20% of new businesses fail during the first two years of being open, 45% during the first five years, and 65% during the first 10 years. Only 25% of new businesses make it to 15 years or more. These statistics have not changed much over time and have been fairly consistent since the 1990s. Though the odds are better than the commonly held belief, there are still many businesses that are closing down every year. With the right planning, funding, and flexibility, businesses have a better chance of succeeding. With our support here at Finstock Evarsity College<\/a>, you will gain an advanced understanding of organizations and how to lead them. We will go through some of the biggest mistakes that startups can make and figure out how to improve your chances of success.<\/p>\n

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