What to do when a startup is failing?
Establishing a business is a risky and challenging endeavor, and failure for startups is not unusual. In fact, research by the Small Business Administration found that 50% of small businesses fail during the first five years, compared to 20% of small businesses that fail in the first year. Yet, for a failing startup, it’s not always the end of the road. Many businesses have been able to recover and turn things around. In this blog post, we will learn what to do when your startup is failing? For the founders and workers, a failing startup can be a trying and stressful moment. There are, however, steps that can be made…