90% of new business startups fail.
75% of venture-backed business startups fail.
Under 50% of businesses make it to their fifth year.
33% of business startups make it to the 10-year mark.
Only 40% of startups actually turn a profit.
82% of businesses that fail do so because of cash flow problems.
The highest failure rate occurs in the information industry (63%).
(Source: review42)
Failures are and always will be an inevitable part of our lives. And most of us have faced failures at least once in our lives.
They offer us an opportunity to learn something new and to start again, but this time more intelligently!
Like a fall from the bicycle – we fall and get up again. Though it’s not easy yet we start again after each fall.
But starting again itself is a task as every fall or failure brings in fear, confusion, uncertainty, hesitation, panic and doubt.
It requires #courage to start again and keep on going with confidence.
And courage and confidence stem from #clarity