Why do new businesses fail? That's the million-dollar question. Starting a business is not quite an easy feat, and there are numerous statistics out there about the survival rate of startup businesses. Here are a few common ones: Only about 20% of new businesses survive their first year of operation, and very few entities can survive the test of time and stay floating even after 10 to 15 years of operations. Whether you're an experienced small business owner or an entrepreneur just starting out, these figures can be a little scary. So, you must try to realize the major reasons why small businesses fail. If you understand the mistakes of others, you can avoid following in their footsteps. Above are some of the most common reasons why small businesses fail. www.business2sell.com.au/blogs/evaluation/top--reasons-new-businesses-fail

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