Why 90% of Businesses Fail in the First Two Years

90% Of Startups Fail: Here's What You Need To Know About

Startup Failure Statistics

  • 9 out of 10 startups fail (source: Startup Genome - the 2019 report claims 11 out of 12 fail)

  • 7.5 out of 10 venture-backed startups fail (source: Shikhar Ghosh)

  • 2 out of 10 new businesses fail in the first year of operations (source: Bureau of Labor)

  • Only 1% of startups become unicorn firms like Uber, Airbnb, Slack, Stripe, and Docker (source: CB Insights)

  • The success percentage for first-time founders is 18% (source: Exploding Topics)

In conversation with James Phipson, Founder of Dragon Argent providing his thoughts on why and where most of the ambitious founders failing in running a business. Most common reasons why businesses fail as a direct result of ineffective management.

Too often, entrepreneurs are poorly advised at the point at which a company is formed, creating issues that are time consuming and costly to unravel later. A poorly planned corporate structure can:

  • Be difficult to adapt to changing needs

  • Can fuel risk for investors

  • Increase tax liability

  • Fail to protect founders long term interests

Ultimately, creating barriers that make it harder for founders and entrepreneurs to achieve the long-term objectives they set out with. James will guide you in this video how to build a valuable and a successful business.

How can Dragon Argent help?

You can get in touch by scheduling a discovery call by clicking the link below to have an initial, complimentary discussion to understand how we can help your business.

 
 

James Phipson

Founder, Chairman & Head of Advisory

About James Phipson

James specialises in corporate governance, corporate finance and international development. Alongside his role at Dragon Argent he volunteers as a Commander in the City of London Police, where he is responsible for all volunteering, and speaks nationally and internationally on corporate governance and structures.

SPECIALISM

  • Mergers & Acquisitions Advice

  • Corporate Governance

  • Corporate Restructure

  • Interim Non-Executive Director

  • Shareholder Communication Strategy

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