Many time you might have seen especially in the american market. The life of a given business entity is less.
Small businesses often fail due to following reason
1. Failure to establish clear goals and objectives
2. Misunderstanding what customers want
3. Fail to understand the competition
4. Inadequate financial planning
5. Absence of critical business skills
6. Inability to change
7. Failure to communicate the plan
8. Lack of a long-term vision
