New entrepreneurs start businesses every day with great ideas and visions for success. However, many of these ideas never materialize and up to 20% fail within the first year.
This is especially true of one-person businesses, which make up a considerable portion of new companies. These "solopreneurs" may have the best intentions starting out, but many end up running out of funding or aren’t able to reach their target market.
Image: Young Entrepreneur Council members share common reasons solopreneurs fail. PHOTOS COURTESY OF THE INDIVIDUAL MEMBERS.
