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.
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