Why failure is 99% recorded in business: The four barriers to breakthrough
Why Failure is 99% Recorded in Business: The Four Barriers to Breakthrough Look around your country, your province, your neighborhood, and even your own family. How many of your countrymen, friends, and relatives have tried to start a business? Now, count the ones you would consider truly successful, those who have reached the highest levels of financial breakthrough. Without needing to hear your specific answer, I can comfortably state that the result is universally stark: a landscape of moderate failure for about 50%, with less than 5% ever achieving dominant, lasting success. This is not a unique phenomenon to any one region; it is the statistical reality of entrepreneurship across the globe. This leads to a series of critical questions: Why does this happen? Why do the same established businesses, started long ago, continue to control entire sectors? What is their secret to dominating a specific industry and existing for decades, even centuries, while new ventures falter? The ...