When you visit Australia, you might encounter a myriad of ‘lease signs’ on shop windows and in major shopping hubs. You might get confused as to why the majority of businesses are not doing well in the country. But, this fact has struck as the irony of life to Australian entrepreneurs. The facts have startled everyone, showing that as much as 97 percent of all businesses are shutting their doors in Australia. If we take a look at the insights, the stats appear even more daunting. As per the Australian Bureau of Statistics, more than 60 percent of small businesses stop their operation within the first three years of their startup journey. This is certainly a true downside for business enthusiasts in the country. But what precisely is going wrong? What is leading this sweeping tide of the corporate world? Let’s take a look.