Do You Take Time To Reflect On Your Current Business Position?

Do You Take Time To Reflect On Your Current Business Position?

Many people dream of beginning their businesses. And businesses crop up every day worldwide. However, the rate at which they collapse is high. According to Investopedia, 30% of the new businesses fail within the first two years. Currently, 50% collapse during the first five years and 66% during the first ten years. One of the reasons new businesses fail is the failure to take a breath to define their current business position. I dedicate this post to all small...