Statistics
In reports, 20% of the new projects fail at the end of the 1st year, 30% fail by the second year, 50% fail by the end of 5th year and 70% fail within 10 years since their inception. Analysis suggests that this dangerous rate of business failure is a product of foundational weaknesses such as lack of organisational planning and administrative frictions, rather than the scarcity of specialists and technical expertise.
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