{"id":377,"date":"2015-04-21T20:53:15","date_gmt":"2015-04-21T20:53:15","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterybusiness1xngcxmaster\/?post_type=chapter&#038;p=377"},"modified":"2016-09-14T22:03:26","modified_gmt":"2016-09-14T22:03:26","slug":"why-some-ventures-fail","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/chapter\/why-some-ventures-fail\/","title":{"raw":"Outcome: Why Some Ventures Fail","rendered":"Outcome: Why Some Ventures Fail"},"content":{"raw":"<h2>What you\u2019ll learn to do:\u00a0explain why entrepreneurial ventures fail<\/h2>\r\n<a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images-archive-read-only\/wp-content\/uploads\/sites\/1120\/2015\/06\/02031850\/3396791200_86242b50f6_b.jpg\"><img class=\"aligncenter wp-image-2815 size-medium\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images-archive-read-only\/wp-content\/uploads\/sites\/1120\/2015\/06\/02031850\/3396791200_86242b50f6_b-300x200.jpg\" alt=\"Photo of a cupcake whose chocolate frosting has oozed off the top and onto the display shelf\" width=\"300\" height=\"200\" \/><\/a>\r\n\r\nHere are some interesting\u00a0statistics: 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.[footnote]https:\/\/www.sba.gov\/sites\/default\/files\/Business-Survival.pdf[\/footnote] What happened to the 50\u00a0percent 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.\r\n<h3 dir=\"auto\">LEARNING ACTIVITIES<\/h3>\r\nThe learning activities for this section include:\r\n<ul>\r\n \t<li>Reading: Why Do So Many Small Business Startups Fail?<\/li>\r\n \t<li>Self Check: Why Some Ventures Fail<\/li>\r\n<\/ul>\r\nTake time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.","rendered":"<h2>What you\u2019ll learn to do:\u00a0explain why entrepreneurial ventures fail<\/h2>\n<p><a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images-archive-read-only\/wp-content\/uploads\/sites\/1120\/2015\/06\/02031850\/3396791200_86242b50f6_b.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2815 size-medium\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images-archive-read-only\/wp-content\/uploads\/sites\/1120\/2015\/06\/02031850\/3396791200_86242b50f6_b-300x200.jpg\" alt=\"Photo of a cupcake whose chocolate frosting has oozed off the top and onto the display shelf\" width=\"300\" height=\"200\" \/><\/a><\/p>\n<p>Here are some interesting\u00a0statistics: 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.<a class=\"footnote\" title=\"https:\/\/www.sba.gov\/sites\/default\/files\/Business-Survival.pdf\" id=\"return-footnote-377-1\" href=\"#footnote-377-1\" aria-label=\"Footnote 1\"><sup class=\"footnote\">[1]<\/sup><\/a> What happened to the 50\u00a0percent that didn&#8217;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&#8217;ll learn why.<\/p>\n<h3 dir=\"auto\">LEARNING ACTIVITIES<\/h3>\n<p>The learning activities for this section include:<\/p>\n<ul>\n<li>Reading: Why Do So Many Small Business Startups Fail?<\/li>\n<li>Self Check: Why Some Ventures Fail<\/li>\n<\/ul>\n<p>Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-377\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li><strong>Authored by<\/strong>: Linda Williams and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Shared previously<\/div><ul class=\"citation-list\"><li>Cupcake Fail. <strong>Authored by<\/strong>: Mr.TinDC. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/www.flickr.com\/photos\/mr_t_in_dc\/3396791200\/\">https:\/\/www.flickr.com\/photos\/mr_t_in_dc\/3396791200\/<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by-nd\/4.0\/\">CC BY-ND: Attribution-NoDerivatives<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section><hr class=\"before-footnotes clear\" \/><div class=\"footnotes\"><ol><li id=\"footnote-377-1\">https:\/\/www.sba.gov\/sites\/default\/files\/Business-Survival.pdf <a href=\"#return-footnote-377-1\" class=\"return-footnote\" aria-label=\"Return to footnote 1\">&crarr;<\/a><\/li><\/ol><\/div>","protected":false},"author":78,"menu_order":15,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"\",\"author\":\"Linda Williams and Lumen Learning\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"cc\",\"description\":\"Cupcake Fail\",\"author\":\"Mr.TinDC\",\"organization\":\"\",\"url\":\"https:\/\/www.flickr.com\/photos\/mr_t_in_dc\/3396791200\/\",\"project\":\"\",\"license\":\"cc-by-nd\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"05296d48-1aff-4c97-8900-f7402cbdb597","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-377","chapter","type-chapter","status-publish","hentry"],"part":87,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/chapters\/377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/wp\/v2\/users\/78"}],"version-history":[{"count":19,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/chapters\/377\/revisions"}],"predecessor-version":[{"id":5943,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/chapters\/377\/revisions\/5943"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/parts\/87"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/chapters\/377\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/wp\/v2\/media?parent=377"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/chapter-type?post=377"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/wp\/v2\/contributor?post=377"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/wp\/v2\/license?post=377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}