The Biggest Business Killers

Did you know that a whopping 50% of businesses fail before they even get started? And the other 50% don't make it past the halfway point? 🤯

Why is this?

* Fear of Failure: Many people are afraid to take the leap and start their own business.

* Lack of Preparation: Not having a solid business plan or understanding the market can lead to failure.

* Poor Financial Management: Running out of money is a common reason for business failure.

* Giving Up Too Soon: Many businesses fail because the owners give up when things get tough.

How can you avoid these pitfalls?

* Just Start: The first step is always the hardest. Take that leap of faith and get started.

* Do Your Research: Create a solid business plan and understand your target market.

* Manage Your Finances: Keep track of your income and expenses.

* Persevere: Don't give up when things get tough. Keep pushing forward and you'll eventually succeed.

Remember, success is not about perfection, it's about progress. Keep learning, keep growing, and never give up on your dreams.

#business #entrepreneurship #motivation #success #failure

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skool.com/momentumskool

20-something new business owners building businesses that are Lucrative, Authentic, Simple, & Fun w/ mentors & friends on the same journey.