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“Entrepreneurs are expected to hit the shot out of the park each time, and if that doesn’t happen, it is likely you are heading toward tough times.”

Close to 80% of entrepreneurs stay above water their first year in business, and around 50% reach the five year mark. “It’s the five-year statistic that is a cause for concern. New businesses require close to five years for a decent ROI, so if half of the businesses shut down in that period, is that a sign of how difficult it is to be a successful entrepreneur?”

Sometimes the best thing to do in an owners business venture is making the decision of closing shop. In situations like this it is best to “turn the worst phase of your life into one of learning and growth.” Then what? Do you become and ex-business owner? No, you act quickly and start a new business. 

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