What Are The Challenges Of Running A Business?
Starting a business is easy. But running a successful business is an entirely different story. For instance, in the United States alone about 9% of businesses both new and old close every year. The failure rate of new businesses is relatively high, with about 50% failing within the first five years.
However, this also means that 50% of new businesses survive past the five-year mark.
The challenges of running a business cause many to fail. Here are the common ones: