Why do you think 4 out of 5 businesses fail and what are you doing to avoid joining the majority?

Yea i know what you mean. In my experience ,I've struggle and loss profit when starting a business due to the lack of any basic financial knowledge. One misconception I believe most starting a business is that they would make a lot of money right away, but the truth is, the business makes the money, and there has to be a need for a clear plan for how to pay yourself. Another mistake that I made was not opening a separate business bank account. Mixing personal and business finances had lead to confusion and financial loss.