Today’s Book: 23 Reasons why Businesses Fail and what you can do about it by Barry Thomsen
As per a recent report in Forbes:
20% of small businesses fail in their first year, 30% in their second year, 50% by their fifth, and 70% beyond their tenth.
What can one do? Easy! Learn from others!
One version of the famous saying “learn from other’s mistakes” goes like this:
Learning by the mistakes of others is a far simpler and less expensive process than making them all yourself.