BizSugar.com › Startups › 5 Ingredients You Need To Be Successful In Your Startup - Business Junkee

They say nine out of ten businesses will fail within the first three years. Although these facts are daunting, they’re also very true, so it’s important to ensure you’re doing the right things from the start to ensure you’re on your way to business success.

So why do so many businesses fail? Well there are many reasons, from limited cash flow, to having the wrong business partners, to failure in marketing to the correct audience for your product. Although there are various variables or reasons as to a business’s demise, these five ingredients are crucial if you want to ensure you stay on top of your game, and remain on the path to prosperity.