How to fight back and reduce entrepreneurial failure is at the core of the Universal Harmony Wellbeing Center and Ascension Life & Business Accelerator.
I fully understand it can be a daunting prospect for entrepreneurs looking to launch a new venture, so its’s time to fight back and reduce entrepreneurial failure.
Statistics show that first-time small business owners have a success rate of 18%, while those who have failed in the past have a slightly higher startup success rate of 20%.
Those who have had a successful startup in the past have a business success rate of around 30%. Although the failure rate of startups is indeed high, the goal of failure statistics is not to discourage budding entrepreneurs, but to help them mitigate their risks and build a successful business.
Understanding why businesses fail is key to achieving success. Common causes of failure include lack of planning, inadequate capital, poor market research, and mismanagement.
Entrepreneurs should ensure that they have a sound business plan in place, sufficient capital to cover all costs, research the target market thoroughly, and have the skills and knowledge to manage the business.
Although the risk of business failure is always present, entrepreneurs should not be discouraged by the high failure rate. With the right preparation and research, entrepreneurs can build a business that survives and thrives.
This is one of the main reasons I created the Universal Harmony Ascension – Life & Business Accelerator.
The Business & Life Accelerator is my best way to fight back and reduce entrepreneurial failure.
And after 13 years of coaching, training and consulting self-employed, founders and entrepreneurs from all around the world, I’ve managed to synthesize a process that helps you and your business succeed.
