Answer:
6 percent ( D )
Explanation:
As little as 6% of privately owned businesses ever become successful because of so many reasons which include
- lack of business experience in the chosen field of the business startup,
- using up business profits/funds to solve personal issues
- entering into a business for the wrong reason
- wrong location of the business
- lack of capital to pursue business endeavor
- poor business management strategies.
for a privately owned business to be successful alot of discipline and diligence is required from the entrepreneur. also Government granting task holidays to small startups will help them save up profits made and invest in more business process that would in return yield higher profits for them
