Why Do Small Businesses Fail? Learning from Business Failure

Agreed, new businesses are coming up every flying second. But do you know why? It is not just a simple case of supply meeting demand; it is because countless nascent businesses are shutting their doors on a daily basis paving the way for newcomers.

We’re living in an era of startups; there’s no denying that. But even someone as big and noteworthy as Snapdeal doesn’t make profits. Surprised yet? You’ll be more surprised to hear that no more than 5% startups in the current era are profitable. Why do startups exist then? Thirst of money! Not just that; today’s business model involves capturing the market first by hook or by crook and only then, managers start paying attention to numbers.

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