Starting your startup business is an exciting and empowering venture – and an extremely risky one. Only about 25% of startups successfully pay back their investors, and even those face a 53% chance of failing within five years. And technology startups have the highest failure rate, with Allmand Law’s putting it at 90%.
I’m not trying to discourage rather than encourage entrepreneurs to be smart on how they plan and launch their new venture. This article encourages entrepreneurs to have in place: the right idea; the right team; and, the right plan.
Read more Starting Your Startup: The Risks and How to Avoid Them.