If most online entrepreneurs fail, why is then the online business booming right now?
Most online entrepreneurs fail with their business startup. According to some figures, about 90% of all startups fail.
This article will be divided into two parts. First, we will analyze the 5 most common reasons why online entrepreneurs fail. And in the second part, the exciting one, you will get useful tips on fixing the problem.
Surfing around on the web, you’ll find hundreds of different articles talking about the same thing. Typically, they have at least 10 different reasons to explain the startup failures. If you want, you can be detailed and probably extend the list to at least 100 different reasons why most online entrepreneurs fail.
None of these articles is wrong. However, here we are only going to take a look at the five most important reasons. Why are they the most important ones? Well, if you lack only one of them, you will fail…..for sure!
There is a very logical reason why online business startups are booming right now. The pandemic has pulled entire populations out of their comfort zone. People who last year had a “safe” job, just of a sudden it was gone.
Other groups feel a tremendous vulnerability and automatically start to search for alternatives. Whatever description you can relate to, it all boils down to an active search for a new opportunity. Read more....