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Starting a small business or social enterprise can be a daunting task, but with the right strategies and mindset, you can achieve unprecedented success. In this blog, we will discuss some key statistics and data that can help you improve your chances of success in your start-up venture.
| Statistic | Percentage |
|---|---|
| Small businesses that survive at least 2 years | 66% |
| Small businesses that survive at least 5 years | 50% |
| Small businesses that survive at least 10 years | 33% |
| Percentage of small businesses that use social media | 87% |
| Percentage of small businesses that fail due to cash flow problems | 82% |
These statistics highlight the importance of proper planning, financial management, and marketing strategies in ensuring the success of your small business or social enterprise. By leveraging these insights and taking proactive steps to address potential challenges, you can increase your chances of achieving unprecedented success in your start-up venture.
Remember, success in small business and social enterprise start-ups is not guaranteed, but with dedication, hard work, and the right approach, you can overcome obstacles and reach new heights of achievement. Good luck on your entrepreneurial journey!