Over 50 per cent of all start-ups collapse before their first birthday. Despite this fact, many business operators do not put in place safeguards to ensure business survival. However, experts say a big number of failing enterprises could be saved if the owners embraced prudent management practices, among others.
According to Stanley Mukasa, the in-charge of the entrepreneurship programme at Akilah Institute of Women in Kibagabaga, the mortality rate of start-ups is increasing because education institutions and practitioners do not provide relevant skills or support to help them manage their businesses well and ensure they grow and become sustainable. Read more. Source | New Times