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I think so! But remember this: Many many many companies fail. That’s just the way it works. “Data from the BLS shows that approximately 20% of new businesses
by cpach 4y ago
I think so!
But remember this: Many many many companies fail. That’s just the way it works.
“Data from the BLS shows that approximately 20% of new businesses fail during the first two years of being open, 45% during the first five years, and 65% during the first 10 years. Only 25% of new businesses make it to 15 years or more.”[٭]
So even if there’s a future for creator brands, many creator brands will probably fail.
[٭] https://www.investopedia.com/financial-edge/1010/top-6-reasons-new-businesses-fail.aspx https://www.investopedia.com/financial-edge/1010/top-6-reaso...