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.
Many businesses fail because they are focused on the wrong things. In my environment I have noticed that a lot of people start up the same business that a lot of people are already into, this is a huge mistake that they make . Another thing that's capable of making your business fail is as a result of improper planning, before you start any business make sure you do a little survey of people doing it in that environment