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Key Factors | Statistics |
---|---|
Market Research | 80% of successful start-ups conduct thorough market research before launching |
Business Plan | Start-ups with a detailed business plan are 50% more likely to succeed |
Financial Management | 82% of failed start-ups cite financial mismanagement as a key reason |
Networking | Successful entrepreneurs spend an average of 6 hours per week networking |
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Source: Entrepreneur Magazine