9 Ways Your Early-Stage Consulting and Service Business Can Fail
Data from the U.S. Bureau of Labor Statistics indicates that about 20% of new businesses fail within one year, and 50% within five years. Other studies have found rates of failure as high as 80% within 18 months.
In this live stream, Feras identifies 9 common reasons that new consulting and service businesses fail. Topics include:
- underplanning and overplanning
- the danger of avoiding lawyers and accountants
- the perils of bad first hires
- not recognizing when to pivot