According to the Small Business Administration, there are 543,000 new businesses started every month, but only roughly 18 percent of them will ever succeed. The leading causes of small business failure are:

• Incompetence:  46%
• Lack of managerial experience:  30%
• Catchall category (neglect, fraud, disaster): 13%
• Lack of experiences in goods or services: 11%

 Read More:   http://www.robertstevenson.org/robert-stevenson-blog/the-source-of-knowledge-is-experience