Did you ever hear that 80% of businesses fail within the first five years?
Well, according to the Small Business Administration, things aren’t quite that bad. Still, the survival rate for small businesses after 5 years is about 50%. There are several reasons that small businesses fail. These include poor business planning, inadequate research, insufficient financing, and difficulty attracting and retaining talent. When it comes to thinking about your personalized nutrition business, here are some additional lessons we have learned that can make the difference between success and failure.
