More than 70 percent of people who start their own businesses are between 24 and 44 years old. Women own 5.9 million businesses. There must be some motivation to start a business. In some people, the motivation develops slowly. Why Small Businesses Fail.
Small businesses are prone to failure.
Capital, management, planning, and right location are the key ingredients in the survival of a small business. Money, time, personnel, and inventory need to be effectively managed if a small business is to succeed. Success and expansion sometimes lead to problems. The entrepreneur must plan carefully and adjust competently to potentially new and disruptive situations. Providing Technical Innovation.