Infographic – Why do businesses fail?

For any new entrepreneur, it’s natural to be optimistic.

Whether that person has a world-changing idea or is starting a new coffee shop, the glass has to be half full that the business will succeed. Otherwise, what is the point of starting a new company in the first place?

Why businesses fail:
82% experience cash flow problems
42% find that there is an insufficient need for their product or service
29% run out of cash
23% do not have the right team
19% are out-competed

Have a look through this infographic with US trends.