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

I personally have noticed that many times it is a talented individual who moves off to start their own business, but they lack financial education. Eventually, the lack of financial education comes up against the risk they have taken on (you don’t know what you don’t know) and they collide in a terrible mess that often costs them their dream.

What are your thoughts??