For many entrepreneurs trying to start or grow their businesses, signing new clients is cause for celebration.

After all, businesses can’t survive without clients, and the odds already aren’t stacked in their favor: According to the U.S. Bureau of Labor Statistics, approximately 20% of new businesses fail within their first two years of opening, 45% within the first five years and 65% within the first 10 years.

Related: Don’t Let Your Business Be Held Hostage by a Nightmare Client

This article is from Entrepreneur.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Book of the Week: ‘Breakthrough’

To turn your idea into a thriving business, you’ll need to think…

Is the Real Estate Market on the Verge of a Turnaround or Stuck in a Recurring Pattern? Here’s What You Should Know.

Opinions expressed by Entrepreneur contributors are their own. The real estate market,…

This Is What Job Seekers Want the Most

Opinions expressed by Entrepreneur contributors are their own. The Great Resignation. The…

You Can’t Truly Tackle Diversity If Your Company Doesn’t Think About This Group of People

Opinions expressed by Entrepreneur contributors are their own. Recently, there has been…