Category: Business Failures
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“You should …”
Those two words are loaded! How many times has someone seen another person express their passion and say to them, “You should start a business! That is really good!” It could be a baker with amazing cookies, an artist whose work you fell in love with. Perhaps, it is someone who relates well with everyone,…
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Voice of the Business
Who do you listen to? There are many voices in business—those of the entrepreneur, the CEO, the leadership team, employees, customers, business counselors, the market, investors, and more. And while well-intentioned, and trying to help you succeed, we at Vector Reports have always been perplexed at the number of business failures in spite of all…
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Real Reasons Behind Business Failures
A Dive Into Root Causes In the vibrant ecosystem of American entrepreneurship, post launch business failure is an all-too-common experience. The statistics are sobering: about 20% of new businesses fail within their first year, 50% within five years, and most fail within ten years. This is true in spite of many resources available to businesses—expert…