{"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":"2015-09-29T05:51:32","modified_gmt":"2015-09-29T05:51:32","slug":"why-some-ventures-fail","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/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:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-content\/uploads\/sites\/135\/2015\/06\/3396791200_86242b50f6_b.jpg\"><img class=\"aligncenter wp-image-2815 size-medium\" src=\"https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-content\/uploads\/sites\/135\/2015\/06\/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 shocking but true statistics: according to the Small Business Administration (SBA), only 20\u00a0percent of all small businesses survive the first year; of those, 30 percent survive the second year; and only half of those survive the first five years. Out of ten\u00a0new businesses, ONLY TWO\u00a0will still be operating at the end of the first year. What happened to the other eight? 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>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:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-content\/uploads\/sites\/135\/2015\/06\/3396791200_86242b50f6_b.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2815 size-medium\" src=\"https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-content\/uploads\/sites\/135\/2015\/06\/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\" srcset=\"https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-content\/uploads\/sites\/135\/2015\/06\/3396791200_86242b50f6_b-300x200.jpg 300w, https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-content\/uploads\/sites\/135\/2015\/06\/3396791200_86242b50f6_b-65x43.jpg 65w, https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-content\/uploads\/sites\/135\/2015\/06\/3396791200_86242b50f6_b-225x150.jpg 225w, https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-content\/uploads\/sites\/135\/2015\/06\/3396791200_86242b50f6_b-350x233.jpg 350w, https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-content\/uploads\/sites\/135\/2015\/06\/3396791200_86242b50f6_b.jpg 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Here are some shocking but true statistics: according to the Small Business Administration (SBA), only 20\u00a0percent of all small businesses survive the first year; of those, 30 percent survive the second year; and only half of those survive the first five years. Out of ten\u00a0new businesses, ONLY TWO\u00a0will still be operating at the end of the first year. What happened to the other eight? 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>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>","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\/wmintrobusinessx51xmaster\/wp-json\/pressbooks\/v2\/chapters\/377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-json\/wp\/v2\/users\/78"}],"version-history":[{"count":16,"href":"https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-json\/pressbooks\/v2\/chapters\/377\/revisions"}],"predecessor-version":[{"id":5577,"href":"https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-json\/pressbooks\/v2\/chapters\/377\/revisions\/5577"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-json\/pressbooks\/v2\/parts\/87"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-json\/pressbooks\/v2\/chapters\/377\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-json\/wp\/v2\/media?parent=377"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-json\/pressbooks\/v2\/chapter-type?post=377"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-json\/wp\/v2\/contributor?post=377"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wmintrobusinessx51xmaster\/wp-json\/wp\/v2\/license?post=377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}