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There are over 34 million small businesses in the U.S., but according to the Bureau of Labor Statistics, 20% fail within their first year. That begs the question — what makes the difference between a successful business and one that doesn’t last?
There are many different answers to this question, but one factor that can’t be overlooked is the mindset of the business owner. Your mindset shapes how you handle problems, act on opportunities and the kind of company culture you build. Let’s look at the five mindsets all entrepreneurs need for a successful 2025.
Related: Entrepreneurial Success Comes Down to Having
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