Faustina Anyanwu
- business
- Business mistakes
- August 13, 2019
- 0 Comments
- 8 minutes Read
Start-up must read: 10 entrepreneurs share mistakes that nearly rocked their business.
Although motivational speakers and social media tend to gloss over and over hype the success rate, Office For National Statistics paints a different picture. According to ONS, only 45% of UK businesses make it to their 5th year.
Several reasons may be responsible for the failures we see in businesses, including, lack of cash flow, access to funding, market saturation, competition, personal problems and of course some fatal mistakes from the entrepreneurs themselves can rock a well-thought-out and planned business.
