The failure rate of new small businesses is significant. Nobody knows the exact figure, as it is harder to define the sole traders and partnerships that fail compared with limited companies. However, taking a cross-section of all reports, it’s likely to be far in excess of 90% within just a few years of starting up!
Why do so many stop after such a short time?
There’s a whole range of reasons and these include: too little capital, no demand for the service/product, too much competition, unviable ideas, lack of skills, no real passion to carry them through the challenges, overspending, under-charging, etc. Although these reasons are true for many entrepreneurs the real reason can be summed up in a few words – lack of experience.
The importance of experience
If people had more experience before starting a business many of the reasons above would not become the issues that cause them to fail and stop trading. If you had previous experience you would have the knowledge to structure your business in such a way that it best utilised your available resources and skill-sets. You could take steps to identify whether the idea was feasible in the first place, and whether there was a demand for your service or product. You would know how to analyse the competition, how to price correctly, how to promote and administer your business effectively and how to purchase services cost-effectively etc.
But how do you get experience without running a business in the first place? Surely it can’t be the case, as the entrepreneur mantra states that you have to fail – and fail several times – before you have enough experience to gain success.
Failure may have been necessary in some cases but it’s an unnecessarily harsh learning curve to expect everyone to go through by default before achieving success. Better preparation can alleviate the need for failure/s before finding success. With the penalties for failure being potentially so severe – with the affect on your own financial security, the stress on your family life and the huge emotional distress – there has to be a better way.
The answer is to ‘buy the skills and experience’ of someone who's been there and done it! This is best done in the form of a ready-made business ideally from Kleenable. The huge learning curve has already been gone through and proven business components are in place ready for suitable people to operate and build on them.
It’s vitally important for people to realise that starting and running a successful business is a daily ‘battle’ and a ‘battle’ for your life. Your happiness, lifestyle and future, and that of your family, may depend upon you succeeding and finally winning the ‘war’ – gaining independence, with freedom and control over your time and income.
The key weapon in the fight for success
You will have to fight a war on many fronts. It’s tough, it’s scary, it’s serious stuff – but it IS worth it IF/WHEN you win! If you lose the war the consequences can be dire. That’s not to say you shouldn’t pick yourself up again afterwards and try and try again. But it’s more about why you need to put yourself through it in the first place.
In the absence of experience, Kleenable is the key weapon in the fight for success. All aspiring entrepreneurs need to fully arm themselves before setting foot on the battlefield and the business start-up package from Kleenable will provide all the tools that you need!
Ready to Start Your Own Profitable Business?
To discover more about the exciting and rewarding Kleenable franchise opportunity, get in touch today! With growing demand and a proven business model, now is the perfect time to take action. Secure your spot in this high-demand market and start building your future with a trusted, scalable, and flexible business.