Most businesses fail in the first couple of years. It’s just so hard to run a profitable business in the current climate so I am full of respect for anybody who is able to do so. It takes a lot of risk, but if you can be successful then I can envisage it being so rewarding.
Yes, it is absolutely true that most businesses can fail within the first few years if there is a lack of proper morale and care. If a person takes proper care and runs the business with the right morale, then the business is more likely to succeed, and if a person loses morale in the beginning and lacks proper care, if he does not have the mindset to do business, then he will never be able to make the business successful. In business, one cannot always think about profit, sometimes there can be losses in the business, if a person gets discouraged after seeing the loss, then his business will not be successful, his business will become a failure. Business is very profitable if done correctly.