Eight types of businesses fail at high rates: restaurants fail 60 to 80 percent early, retail fails 70 percent within five years. Each struggles with high costs, rapid technological change, dominant incumbents, or unclear market fit.
Eight businesses that almost always fail first one restaurants 60% fail within the first year 80% fail within the first. Four so many underestimate how much it costs to create a restaurant actually worthy of visiting. Second retail 70% in five years really competitive brick and mortar store selling average products won't cut it. Three Software Less than one in a million even come close to being the next Facebook so they fail as a result of appealing to no one. 4 Electronics this industry progresses quicker than any, but if you can't keep up, you fail. Five Home hotels They're expensive to run and the only place your customers require your service 2476 is newspapers. The industry is dominated by giant players making it hard for anyone else to make a name for themselves. 7 auto parts too many enter the industry without a clear strategy or target market and as a result they fail in their first year of business. The eighth business Luxury construction.
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