BizSugar.com › Startups › Number One Reason Businesses Fail, Top Three Reasons Businesses Succeed

Nearly half of all small businesses fail within the first two years of operation. The number one reason for business failure is inadequate planning. The second reason is under-capitalization.

So before you mortgage your house, or go into debt financing your business, you need to know if your business is going to do more than survive — you want to know if it’s good enough to thrive!

Here are three things successful businesses that have stayed in business for five years or longer have in common: