There are plenty of other lessons that budding entrepreneurs need to learn. Ultimately, though, entrepreneurial success comes down to your own passion and tenacity.
Explaining The Small Business Failure Rate
Statistics about business success aren’t reassuring. About 80% of new businesses fail in the first 18 months, according to Bloomberg Business research. During the economic meltdown of 2008, for the first time in decades, more businesses closed than were started. “What business owners don’t seem to understand is that what’s required, not only to survive…