Statistics have shown that many first time business owners fail in their first attempt. While there are many firs-time successful business owners, the probability that your first business is going to fail is very high. That is why it is good to prepare for such eventuality if you understand the WHY so you can avoid the likely pitfalls of first-time business ownership.
Some of the biggest names in the business community, from Bill Gates to Walt Disney, and even Steve Jobs, failed in their first businesses before evolving into the super successes they did become because they learned from their failures and took correction.
Click here to read reasons http://naijaentrepreneur.com/2017/03/27/5-reasons-your-first-business-might-fail/