5 strategies for bouncing back from a failed startup
For more than two decades, the numbers surrounding the survival rate of small businesses have remained unfortunately consistent. Only 20 percent of all new businesses make it past their first year. After five years, 50 percent of new businesses no longer exist and only one-third are able to enjoy their 10-year anniversary.
As entrepreneurs tackle the legal formalities of assorting with a failed startup, including dissolving it with the state, they are also faced with the stigmas that surround what it feels like to have a business that failed. Getting back out there and trying all over again is really tough. It takes a lot of courage, confidence, and a solid strategy to get back on track — which, believe it or not, your unsuccessful startup has actually prepared you for. …
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