Are you in the process of starting a new business? Want to know the common reasons businesses fail and what you can do to avoid it?

MyTasker share 18 reasons why startups fail along with some effective solutions in the infographic below.

My favourite is lucky number 13 – Lack of promotional strategies.

Make sure you get yourself a business website, invest in search engine optimisation, and spend time being active on social media.

Enjoy the infographic!