What you’ll learn to do: explain why entrepreneurial ventures fail
Here are some interesting statistics: According to the Small Business Administration (SBA), about 80 percent of firms continue after the first year, two-thirds of businesses survive at least two years, and about half survive at least five years.[1] What happened to the 50 percent that didn’t make it? Why did they fail? Some of the reasons for small-business failure are avoidable, and others, sadly, are not. In this section you’ll learn why.
LEARNING ACTIVITIES
The learning activities for this section include:
- Reading: Why Do So Many Small Business Startups Fail?
- Self Check: Why Some Ventures Fail
Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.
Candela Citations
CC licensed content, Original
- Authored by: Linda Williams and Lumen Learning. License: CC BY: Attribution
CC licensed content, Shared previously
- Cupcake Fail. Authored by: Mr.TinDC. Located at: https://www.flickr.com/photos/mr_t_in_dc/3396791200/. License: CC BY-ND: Attribution-NoDerivatives
- https://www.sba.gov/sites/default/files/Business-Survival.pdf ↵