Start-up to Success Agency
  • Services
    • Testimonials
    • Consulting >
      • Startup and Business Consulting
      • Business and Marketing Course
      • Internet Marketing Training for Business Admins
    • Social Media Marketing
    • Strategic Website Design
    • Video Production
    • Professional Photography
    • Professional Profile Makeover >
      • Professional Photo Tips and Trends
  • Our Team
  • Contact
    • Women In Motion Consultation
  • Press
    • Speaking Engagments
  • Blog
  • Business Tools
    • Affordable Payroll Service
  • Marketing Resources
    • Automated Sign-up Forms
    • Database to Find Leads
    • Email Marketing
    • Proofreading
    • Social Media Graphics
    • Website Hosting
Start-up to Success Media, Marketing and Consulting Agency

Blog

Why Startups Fail And How To Avoid It

6/10/2021

0 Comments

 
why startups fail and how to avoid it
No matter how many hopes and dreams startups are built upon, most will have closed their doors within a few years. We identified reasons why American and Canadian businesses fail so often and how to avoid them with the help of a specialized start-up consulting agency such as STS.

Why Small Businesses are Taking It a Year at a Time

A small business is defined by the Small Business Administration (SBA) as one with 500 employees or less. That includes 99% of American and Canadian companies. Out of that large demographic, 21.5% fail in less than a year. 30% fail in the second year, 50% in the fifth, and 70% in the tenth. Only 25% make it to the 15th. 40% make a profit, and 30% break even.

66% of businesses experience potential failure within the first 25 months. There is a multitude of ways establishments can tank while they are young:
  • We don’t have to remind you of COVID-19. It led to 77% of failures last year.
  • The most common reason for a startup’s demise is that there aren't enough employees, usually 11-50. When employees and owners are spread too thin, crucial things get missed.
  • The quality of leadership is going to make or break your team. If a founder cannot motivate or keep their employees, all the work and stress fall on them. Also, more time and money is expended, unplanned for, re-hiring and re-training.
  • Make sure not to lack expertise or passion because that will run your business into the ground. You will need to solve a problem or sell a dream to get your first customers on board. “I want to make a lot of money,” will not cut it. 
  • Frequently failure is due to poor marketing or lack thereof. If you cannot reach those who would buy your product, you cannot launch.
  • If there are no consumers of what you are offering, a startup will not get off the ground. Careful market research in the business planning stage is essential.
  • Without a business plan, a budget, and enough financing when necessary, it is too easy to run out of money.

Save Your Business With Consulting

The stats are staggering, but our proven Start-up to Success consulting process is the light at the end of the tunnel. It’s an excellent time to start a business, as long as you give yourself a chance with the right resources. Our consulting provides you with a solid foundation to grow your establishment with added assurance insurance. So consider us your hand to hold around every corner.

No matter how long or short you have already been in business; we will take a look at your business plan and identify the missing pieces before it’s too late. We then help you plan and execute a marketing and growth strategy that fits within your budget. But most of all, we will not leave your side while you make it happen as long as you abide by our three requirements for consulting: be committed, be courteous, and be ethical.

It’s a shame that the majority of small companies die out, but they don’t have to, and we want to help. Our agency was born out of the idea that entrepreneurship is the answer to problems that only can be solved by oneself when there are no other ways out. A successful startup can impact the lives of those involved for generations to come. Congratulations on the long-lasting success of your business!
Picture

Isabella LeClaire - Researcher and Writer for Startup to Success Media, Marketing and Consulting Agency
Isabella LeClaire
Researcher, Writer, Marketing Assistant
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    RSS Feed

    The Startup to Success Consulting System
    Book a marketing or business consulting call with Rebecca LeClaire
    Picture

    Categories

    All
    Brand Message
    Business Consulting
    Business Media
    Business Videography
    Content Writing
    Coronavirus Strategy
    COVID19
    Crisis Management
    Crisis Strategy
    Email Marketing
    Email Marketing Tips
    Empathy
    Entrepreneur
    Events
    Facebook Image Dimensions
    How To Turn A Failing Business Around
    Impact Of Negative Comments
    Instagram Image Dimensions
    In The Media
    In The News
    Leadership
    LinkedIn Image Dimensions
    LinkedIn Profile
    Longevity
    Marketing Consulting
    Marketing Course
    Marketing Strategy
    Pinterest Image Dimensions
    Print Marketing
    Professional Photography
    Professional Profile
    Reasons Start-ups Fail
    SEO
    Small Business
    Social Media
    Social Media Image Dimensions
    Social Media Marketing
    Start-up Consulting
    Startup Consulting
    Startup Stats
    Strategy
    Survival Guide
    Tips For Taking A Head Shot
    Tips For Taking A Professional Photo
    Tips For Working At Home
    Tips For Working Remotely
    Twitter Image Dimensions
    Video Marketing
    Website Design
    Website Development
    Website Rebuild
    Website Symptoms
    YouTube Image Dimensions

Social Media Help
Marketing Help
Startup Help
Services
Our Team
Testimonials
Contact
Terms
​Privacy Policy
Phone: 616-881-3753  |  Email
Start-up to Success Agency
6079 126th Ave., Unit 2
Fennville, MI 49408

Start-up to Success Media, Marketing and Consulting Agency - A division of MC Design & Services Corp.
Copyright © 2009 - 2022 Rebecca LeClaire. All Rights Reserved.
  • Services
    • Testimonials
    • Consulting >
      • Startup and Business Consulting
      • Business and Marketing Course
      • Internet Marketing Training for Business Admins
    • Social Media Marketing
    • Strategic Website Design
    • Video Production
    • Professional Photography
    • Professional Profile Makeover >
      • Professional Photo Tips and Trends
  • Our Team
  • Contact
    • Women In Motion Consultation
  • Press
    • Speaking Engagments
  • Blog
  • Business Tools
    • Affordable Payroll Service
  • Marketing Resources
    • Automated Sign-up Forms
    • Database to Find Leads
    • Email Marketing
    • Proofreading
    • Social Media Graphics
    • Website Hosting