Personally, I think this percentage may be higher. And we all know, an overwhelming percentage of new businesses fail as well. Armed with The Business Plan for the Body, you will not fail. I believe the problem, and the answer to these questions, begins with the absence of a plan. Most people, and many businesses, fail to go through the necessary steps to conceptualize, formulate, and then implement a strategic plan.
Planning is everything.
Maybe I can teach other people how to do the same. I can do it better than my competitors. I know I can make a business out of it. I am going to create a business plan. They created not only a goal, but a strategy for achieving that goal.