Why Most Startups Fail

Learning to LeadManage Your Organizational EnergyManaging Scarce Resources
Written By Kayla Tibbetts

Did you know…

There are many benefits to starting your own business, but job security isn’t one of them.

In fact, about 10% of startups ultimately fail in Year 1, 50% by Year 5, and up to 90% by Year 10.

The exact failure rate can vary across industries and stages of development with most related to

  • Financial issues

  • Lack of market demand

  • Poor execution

  • Industry-specific challenges (obsolescence, seasonality, technology)

The reality is that there are many factors outside of your control that could stall your company’s growth.

Leaders need to develop contingency plans. For example, diversify your income stream. There are many others.

Co-authors Peter Brooks and Gerry Starsia, founders, advisors, and board members, have recently teamed up and written a book that addresses the many challenges faced by small enterprise leaders. In “SURVIVAL to SUCCESS”, you will find chapters titled “Learning to Lead” and “Managing Scarce Resources” that will help leaders of small, high-growth enterprises survive and thrive. Reserve your copy today!

Kayla Tibbetts
Next

Small Businesses Impact on GDP