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Entrepreneurs are quickly taking over the world due to the ever-rising opportunities that increasing globalization is providing. This coupled with the fact that we, as people, want to define our own destiny and avoid the stresses and uncertainties of working for someone else make pursuing entrepreneurship a viable option.
Are you thinking about starting a new business? If you are, you must be cognizant of the fact that starting a business that stands the test of time and turns profitable is a large undertaking. There is a reason why studies show that 8-9 out of 10 startups fail in the first five years. While these stats may be startling, they truly are not meant to scare you but to prepare you mentally to minimize your chances of failure. In any case, every optimistic entrepreneur wants a sufficient dose of reality often! You definitely would not want to start a business that is already set up to fail.
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