Totally new to finance, economy, where should I start?

What is the #1 reason that most new businesses fail?

1. Poor management. We’ve finally reached the #1 reason why a new business might fail. Entrepreneurs have power over their businesses, and with great power comes great responsibility.

Why are new businesses at a greater risk of failing?

One of the main reasons that businesses fail is that they have insufficient start-up capital. Would-be entrepreneurs frequently underestimate the cost of not only starting a business but of maintaining one. Another problem is an unrealistic expectation of income in the early years of start-ups.

Why do you think many new businesses fail in the first 5 years?

Too many new businesses fail because people simply don’t put in the work, or they give up when things get tough. Whether it comes down to apathy, complacency, laziness, or underestimating the amount of work required, the end result is the same.