The Venture Edge

When Kathy and I decided to create this blog, we made a conscious decision to avoid giving employee-management advice that you our readers could find on other blogs and websites, or in our many books. So you won't find a list of the top-5 ways to reward your employees here, nor an essay on how to get your employees engaged in their jobs, nor 10 steps to creating a happy work environment. Instead, we decided to focus on giving you our own unique findings on the best ways to start and grow a GREAT business.

It's not often that I disagree with Peter, and actually I'm not really disagreeing with Peter.  I'm disagreeing with one of the entrepreneurs he cited in his most recent post.  The entrepreneur, Justin Kan of Justin TV, claimed that "90 percent of start-ups fail because the founders get bored, discouraged, or something else, and they move on to other things, not because of some catastrophe."  Well, I don't know where he got his statistics but let me give you the top five reasons new businesses fail.