Starting a business is a challenging task, and it is a fact that many startup businesses fail to survive in the long run. According to the experts, 45% of businesses fail within the first five years and 65% fail within ten years of their establishment. These figures may seem disheartening, but it is essential to understand the key reasons behind small business failures. To help you out, we have created a helpful presentation that highlights the early warning signs of business failure and provides strategies to overcome them. This presentation can be particularly useful for entrepreneurs in Melbourne who want to identify potential issues early and take appropriate measures to prevent them from becoming major problems.
