They say 70% of starting businesses fail within 7 months to 1

>>1663016
Probably lack of advertising. Most small businesses don't have enough capital to properly advertise and educate the general populous.

>>1663016
Depends on the business and the field, but honestly, starting a company can be tough. The field your selling to could be saturated, you could have no traffic, you could get hit with a legal complaint or some shit, but mostly its gonna be related to lack of creativity/lack of funding. People are used to going to a certain place, and you didnt draw their interest enough to warrant them giving you money for your product/service. Or you only had $20,000 and it dried up before it paid off.

>>1663021
>People are used to going to a certain place, and you didnt draw their interest enough to warrant them giving you money

Yeah, people get used going to one place and sometimes don't feel comfortable in a different place of the same business type.

Lack of planning.

People don't research the average costs and realistic estimates of their location. They just think I'm going to start X and expect to charge Y for it.

Also services are less likely to fail than selling goods which everybody wants to do. They want to open some meme store or restaurant instead of buying a few hundred bucks worth of cleaning supplies and contacting churches and small businesses. I make around 4-6k a month gross doing floor cleaning 3 times a week 15-20 hours of work a week. I make about 1600-1800 a month net after taxes whole in college.

>>1663037
Guys, look at this. Actual advice, on 4chan.

>>1663037
Do you clean houses or businesses?

>>1663016
Lack of planning.
Lack of desire to work constantly to get it off the ground.
Lack of money to back it up.
Lack of customers.
Lack of business acumen.

>>1663037
So why are you still in college, and not out mopping more floors for more money, so you can afford to hire a mexican to mop floors for you?

corporatism and lack of a middle class.

>>1663275
Read the post

>>1663312
Because my time isn't worth more than $9/hour + employment taxes and benefits yet sadly. I plan on growing after I graduate. I'll hire family and friends first. Don't trust a smelly Mexican with $5K worth of my equipment.