A recent research explains the startup failure rate and indicates that about 90% of the new startups fail. This is a really important statistic to take into account at the moment of creating your startup.
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In Failory we consider ourselves the experts of failure, and, although this may not seem as a title we should be proud of, we are 100% sure that success is not achieved without stumbling with a few rocks on the road. We have read all the books you can imagine about business failure, from the well-known The 10X Rule by Grant Cardone, to the least-known Breaking Failure by Alexander Edsel, including The Successful Mistake by Matthew Turner, Billion Dollar Lessons by Paul Carroll and Secret to Startup Failure by Sonia Lin. So we can identify business problems from thousands of kilometers away.
As a business owner, you probably don't want to fall on the same mistakes that another entrepreneur has already felt. Therefore, it is essential to understand and to become a specialist on failure, and in order to do this, there is no better place to start than by understanding "The Startup Failure Rate Infographic".
It is important to take a good look and try to memorize the different aspects of this infographic to form part of the decreasing and already small business success rate. The main requisite to enter this elitist club of successful entrepreneurs is understanding how risky and how similar to a Russian Roulette starting your own startup can be.
So the million-dollar question is: What percentage of startup fail? The following infographic explains in detail the startup failure percentage as well as the startup failure rate by industry.
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No one can ever guarantee your own success. But if you take into account startup failure rates you will be one step ahead the rest. You are now warned about the startup failure statistics, so you know that you will have to work hard and smart. If you want to follow our path and become a specialist on business failure, you should definitely take a look at these five must-to-read books:
If you are here is because you are interested in startup failures. So you will probably find curious this startup post mortem strategy.
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