By Kevin M
Are you thinking about starting your own business? If so, you have a lot of company. According to the Department of Labor, more than one million new businesses are formed each year. Depending on the source quoted, somewhere between 50% and 90% will fail, usually in the first year.
Why do so many businesses fail? And if you’re planning to start a new business, how can you avoid becoming one of them?
Some business ventures fail for bad luck, but probably far more fail for causes that were not only known up front, but could have been prepared for in advance.




