Have you ever wondered why you seem to be doing everything right but your business is still failing. Well you are not alone. You may have read that most small businesses do not make it past their first year of operation. But don’t get discouraged, some percentage of those entrepreneurs may have closed their business early, move on and reallocated resources to a better idea. And that is an important quality you would want to possess. It will interest you to note that the ability to fail faster when you know you are failing can save your a whole lot of trouble and resources. You can channel your passion to what can actually work.
Identifying the need to move on to what can potentially work is a crucial asset. But don’t get it twisted, entrepreneurship is not for the faint-heated, be prepared for the odds. The infographic below exposes some of the common mistakes small businesses make in their quest to get to the top.