If you plan to start a business any time soon, or if you already have one and are trying to learn more about success in business, then this guide is for you. We will discuss some of the prevalent reasons why businesses fail within the first 5 years of startup. This knowledge will help you avert failure and show you what is most important in your business strategy.

Research has shown that over 20% of small businesses fail in their first year, and 50% fail within the first five years of startup. These things don’t happen by accident; there are specific actions that lead to business failure. So keep reading to learn more and increase your chances of succeeding as a business owner.

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