Business Start-Up Successes and Failures states, "over the most recent ten-year period for which data are available, new business start-ups numbered between 700,000 and 900,00 per year. Business failures during this same period, meantime, ranged from about 600,000 to 950,000 per year." Basically, most new entrepreneurs / small businesses are not successful and the company will eventually close down.
From your reading and outside research, please answer the following:
What are some of the reasons entrepreneurs / small businesses fail?
What are some of the reason entrepreneurs / small businesses succeed?
In your opinion, what's the most important attribute for a successful entrepreneur / small business?