Creating a startup is easy. Almost everyone can do it. And fail.

A majority of people can not run a successful business. A majority of startups will fail.

If we look at statistics only a couple of new projects can create a business model that can run long-term. Expect only 10% of new projects to succeed. So, if you hold 100% of your money in ALT coins, you will lose 90%.

About 90% of startups fail.

10% of startups fail within the first year.

The number one reason why startups fail is due to misreading market demand — this is found in 42% of cases.

The good news is: that 10% can make up for all the money you invested and lost.

Huge red flag:

Your project ignores the investors.

Paying attention to your customers is important since 14% of startups fail due to not regarding customers’ needs.

This winter will be deadly.

Major factors are building up. The UK is about to enter a recession. If the energy crisis comes through, so will the rest of Europe. China with its zero Covid tolerance and failing property market, might meet the same fate.

This will cause havoc. Massive market drops, including the crypto space.

I’m sorry to tell you, but a lot of crypto projects will run out of money. Fast. This winter.

So be smart and be prepared to (literally) lose everything.

Hope?

Some statistics are not that terrible:

Data from the BLS shows that approximately 20% of new businesses fail during the first two years of being open, 45% during the first five years, and 65% during the first 10 years. Only 25% of new businesses make it to 15 years or more. These statistics haven't changed much over time, and have been fairly consistent since the 1990s.

Source:

1. Top 6 Reason New Business Fail

2. Must Know Start-Up Statistics