if you google business fail rate in South Africa ...80 % within the first 3 years...it was around 50 % in the first 5 years back when i started my business.
Why is it so high...something must be wrong with the current advice offered.
When people talk business stuff ...they talk business plans...cash flow... investment...markets ...etc etc
If you have been operating a business for longer than 10 years and still going strong...i want to know what it is you are doing that separates you from the 98 percent of failures.
Was it your business plan...i was told 29 years ago without one of these... i wouldnt last 5 years.
Is it the manner in which you allocate your turnover...i know this is one of my biggest issue in my business...how i allocate the money which comes into the business...when i get this right i am gona become a very rich man.
Is it the manner in which you promote your product...services... etc ?
Nobody ever talks about why there is such a high fail rate.
Tell us about your experience if you were one of 80 % who closed down with the first 3 years...what did you do wrong?
The way i see it somebody must be giving the wrong business advice... if you take the fail rate into account.
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