The hard truth: Business Chicks founder Emma Isaacs on why businesses fail

Emma Isaacs - SmartCompany - 18 July 2018

We live in an age where entrepreneurship is glorified. Everywhere we turn, there’s a story of businesses kicking goals or being sold for a number in the hundreds of millions, lots within their infancy too. The truth is, that’s only a reality for a handful of companies and concepts. In Australia, more than 60% of small businesses fail within three years. In the US, 20% fail within the first year, and after five years, only half of the businesses still exist.

I’m not for a second saying don’t go for it. I want you to. We need more entrepreneurs in the world, because they create jobs and often go on to solve big social issues when governments can’t. We particularly need more female entrepreneurs, especially those who might be parents themselves as they inherently understand the demands facing working mothers and can work to shift the needle on those challenges. Read more