Has your business been trading for less than 10 years? Want to know the common reasons why you’re statistically likely to fail?
We share 10 reasons why 7 out of 10 businesses fail within 10 years in this infographic.
Each point is also summarised below:
- Failure to deliver real value.
- Failure to connect with the target audience.
- Failure to optimise conversions.
- Failure to create an effective sales funnel.
- Lack of authenticity and transparency.
- Unable to compete against market leaders.
- Inability to control expenses.
- Lack of strategic and effective leadership.
- Failure to build an employee “tribe.”
- Failure to create the proper business systems.
Enjoy the infographic!