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While startup life may appear easy, it is actually challenging and labor-intensive.
According to statics, 50% of small businesses fail within 24 months of launch. According to research reported by the UWC, between 70% and 80% of small businesses fail 5 years. This is a significant number of small businesses that fail. The consequences of this to the economy and unemployment are significant. World wide 90% of startups fail by year 5.
I believe all successful entrepreneurs can help make a difference to the economy and unemployment by assisting and coaching startups. By teaching the lessons, they have learned on their entrepreneurial journey, startups and small businesses can avoid making costly mistakes. With the support and proper guidance, the chances of survival increases by more than 50%
At Aspiring Startups, our goal is to help and coach,