9 Ways Your Early-Stage Consulting and Service Business Can Fail

Data from the U.S. Bureau of Labor Statistics indicates that about 20% of new businesses fail within one year, and 50% within five years. Other studies have found rates of failure as high as 80% within 18 months.

In this live stream, Feras identifies 9 common reasons that new consulting and service businesses fail. Topics include:

underplanning and overplanning
the danger of avoiding lawyers and accountants
the perils of bad first hires
not recognizing when to pivot

Feras Alhlou

Feras has founded, grown, and sold businesses in Silicon Valley and abroad, scaling them from zero revenue to 7 and 8 figures. In 2019, he sold e-Nor, a digital marketing consulting company, to dentsu (a top-5 global media company). Feras has served as an advisor to 150+ other new startup businesses, and in his current venture, Start Up With Feras, he's on a mission to help entrepreneurs in the consulting and services space start and grow their businesses smarter and stronger.

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