There are many reasons for so many failures in every aspect of life, but as you probably know, I focus on success in business in this Monday blog.
Most of us have heard that on average, 98% of business start-ups fail within the first five years in business, leaving just 2% to carry on; I believe it’s generally because of the owners’ mindset to be consistent either way.
Then, with another failure rate of 98% caused by many factors in the following five years of remaining companies, we are left on the whole with only the ones that have survived with a genuinely remarkable will of consistency of mindset.
This leaves very few people remaining in business in the long run, so for people wanting to go into business as thousands do every day but are scared of competition, don’t be, as 98% will fall along the way, leaving plenty of room to become successful as long as you master the art of consistency.