We all have goals. People and businesses—and even entire industries—make plans to achieve these goals. And one big key to making sure these plans lead us to our goals is regular analysis and tweaking of the plan. However, with all of this analysis, some plans—and their goals—become forever linked with high failure rates.
We are all familiar with many of these ventures that result in high failure rates, others may surprise us. At some point we have all heard that 50% of marriages end in divorce. And that’s just first marriages. Statistics place the failure rate for second marriages at 67% and third marriages at 74%. Ironically, some experts attribute the high rates for second and third marriages ending in divorce on that same big key to ensuring a plans success—analysis. Meaning once a person discovers that they can navigate and manage a divorce they are less scared of going through the process again.
We’ve probably all heard of the nightmare statistics on startup businesses as well. A recent Forbes article summed it up in the title, “90% of Startups Fail,” raising the question, “Why does anyone try and start their own business?”