{"id":532,"date":"2022-03-13T18:39:54","date_gmt":"2022-03-13T18:39:54","guid":{"rendered":"https:\/\/www.followmystep.com\/?p=532"},"modified":"2023-07-19T19:28:52","modified_gmt":"2023-07-19T19:28:52","slug":"the-success-and-failure-of-starting-a-business","status":"publish","type":"post","link":"https:\/\/www.followmystep.com\/en-us\/business\/the-success-and-failure-of-starting-a-business\/","title":{"rendered":"The success and failure of starting a business"},"content":{"rendered":"
<\/p>\n
In the USA a little more than\u00a0<\/span>20% of businesses<\/span>\u00a0survive their first two years of existence. This makes it extremely important for the entrepreneur to prepare to overcome the difficulties that will arise in the future. Here are some factors about how to be an entrepreneur and not fail.<\/span><\/p>\n A company that has not conducted market research and has not developed a short, medium and the long-term plan is doomed for business failure. Therefore, to be successful, it is necessary to carry out a study that allows identifying the competition and potential customers, as well as establishing objectives and work strategies to achieve them. Such as setting up Just in Time Access<\/a> to reduce admin.\u00a0<\/span><\/p>\n It is estimated that more than\u00a0<\/span>95% of businesses<\/span><\/a>\u00a0in the USA are microenterprises, so there is enormous competition in the market. So forgetting about a marketing strategy is one of the reasons a business fails. Promoting yourself on social networks or a website is vital to gain visibility in the face of the constant appearance of new business.<\/span><\/p>\nWhat to do and what not to do to make a business successful?<\/span><\/h3>\n
Don’t forget to do the initial planning<\/span><\/h4>\n
Don’t underestimate marketing strategies<\/span><\/h4>\n