Statistics tell us that about 80 percent of small businesses will go out of business the first year they’re in business. And of those that remain, 80 percent of them will not be in business 5 years from now. With figures like that, it’s easy to see that the failure rate of new businesses is staggering.
Make no mistake… those are alarming statistics!
Yet, even with those incredible numbers, people still quit secure and well-paying jobs or careers, hock everything they have, and take their dreams into the marketplace with little or no planning, and with little or no regard for the harshness and cruelty of what the marketplace can bring without proper planning.