10 Reasons Why 7 Out of 10 Businesses Fail Within 10 Years

This blog has some eye-opening statistics regarding the 10 common reasons new businesses don't survive. The tenth reason emphasizes the need for systems and in a word, that is what franchises are all about.

"While startup life seems glamorous at best when it comes to dizzying valuations and unsustainable bubbles that help to prop up newly-formed businesses in the hottest sectors, the truth of the matter remains that 70 percent of all businesses with employees fail within 10 years. According to the Bureau of Labor Statistics, this has less to do with the economic climate, but numbers do vary according to different industries."

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