Startups fail, but they don’t have to. Here’s how to give yourself the best chance of survival.
It’s time to change the narrative around startups and failure. 60% of Irish startups will make it in business for five years or more. Those who make it are the ones capable of creating solutions to problems.
There are over 100 links in this article to help entrepreneurs create solutions for every step of their business journey. Whether early stage or an established brand, the list provided might be the difference between long-term success and failure. The emphasis is on Irish startups, but the list will be relevant for most countries.
Fail, fail, fail again … blah, blah, blah …
Every blog I read on startups seems to allude to failure. Why do we always need to use the word fail? Sure, less than 30% of startups survive past the 10-year point. Agreed. But why must we always have to talk so negatively about the industry and create a stigma around it?
Startups create jobs and jobs foster communities
We should encourage our population to get involved in creating a business.
What if I told you that if you started a company today, you’d more than likely be still up and running for the following five years, what would you say to that?
“We need to promote the high survival rate and stop striking a fear of failure into aspiring entrepreneurs.”
60% of the time
I was once invited by the Irish Government to take part in a review of entrepreneurship policy. In reading the documents presented, I saw the figure for new startups annually – some 12,000. However, it was the next number that took me by surprise – 7,200. This figure represents the average survival rate for the first five years for Irish startup.
7,200. That’s an impressive 60% of the total number. Everyone seems so
