Welcome back to The Level Up Podcast with Paul Alex, where we help entrepreneurs level up their mindset, business, and life. In today’s episode, we’re tackling a tough statistic: Why Most Businesses Fail in the First 5 Years. Nearly 50% of businesses don’t make it past their fifth year, but understanding the common reasons behind these failures can help you avoid costly mistakes and build a sustainable, long-term business. Paul breaks down the top reasons for early business failures and provides actionable tips on how to ensure your business thrives. In this episode, you’ll learn: Lack of Proper Planning – Why many entrepreneurs fail to create a strong business plan and how to develop a roadmap for success.Poor Financial Management – The importance of cash flow, tracking expenses, and keeping a financial safety net to weather tough times.Failure to Adapt – How businesses that resist change often get left behind, and why staying adaptable to market trends and technology is key.Burnout – Why many entrepreneurs lose steam in the early years and how to avoid burnout by maintaining balance and surrounding yourself with a supportive team. “Your Network is your NETWORTH!” Make sure to add me on all SOCIAL MEDIA PLATFORMS: Instagram: https://jo.my/paulalex2024 Facebook: https://jo.my/fbpaulalex2024 Youtube: https://jo.my/ytpaulalex2024 Linkedin: https://jo.my/inpaulalex2024 Looking for a secondary source of income or want to become an entrepreneur? Check out one of my companies below to see if we can help you: www.ATMTogether.com www.Merchantautomation.com FREE Copy of my book “Blue to Digital Gold - The New American Dream” www.officialPaulAlex.com