Did you know that in the first year alone, 20% of small businesses fail? If that’s not depressing enough, the numbers go even higher as the years go by.
In fact, it is estimated that 50% of small business fail before their 5th birthday! These statistics are not surprising. After all, it is hard work getting a business to succeed.
Afraid Of Wasting Your Time On A Business That Will Fail Within The First Few Years?
If you answered “yes,” you’re not alone. Most entrepreneurs are afraid of failure. In fact, most of you are probably hesitating to start your own online business because of the following reasons:
You don’t know how to choose the right niche for your business.
You don’t have any idea on what makes a solid foundation for your business.
You’ve heard of branding, but you don’t know what it means.
You don’t know the perfect product that will be a good fit for your audience.
You don’t even know why you need to target a specific audience.
In fact, you have no idea where to even begin!
Building an online business may be uncharted territory for most people, but many have succeeded before you, and many more will succeed in the future. Now is a good time to start. There are countless evergreen niches you can build your business on.