According to research, over 51% of businesses will fail in their first five years, and even 25-30% of venture-backed businesses fail.

Being an entrepreneur is a risk which needs to be taken. How can one reduce that risk of failure for your next startup?

The infographic below from & Lance Surety Bond Associates shows the top 20 reasons why startup fail, and if the insights are used well to evaluate your own startup strategy, your are reducing the risk of failing.

infographic startups