Why most businesses fail (and how Govchain helps you beat the odds)

Nicole
Nicole
4 min read
Mar 20, 2025
Why most businesses fail (and how Govchain helps you beat the odds)

Starting a business is exciting.

You have the idea. The vision. The motivation.

But what a lot of people don’t have?

  1. The right information.
  2. The right support.
  3. A clear understanding of how to actually run and grow a business.

And THAT’S why so many businesses fail before they even get a real chance to succeed.

Because the reality is:

80% of new businesses in South Africa don’t make it past the first three years…

  • Not because their ideas weren’t good.
  • But because they didn’t have the guidance they needed.

So if you’re thinking of starting your own business (or already running one) you need more than just a dream.

You need knowledge.

You need support.

1. The #1 reason most businesses fail: lack of knowledge & guidance

A lot of businesses fail – not because the owners weren’t hard working, but because they didn’t know what they didn’t know.

Here’s what happens to most entrepreneurs:

They start with a great idea.They launch – excited, hopeful, ready to succeed.Then the unexpected challenges hit…

… They didn’t register properly, now they’re stuck with legal issues.

… They don’t understand tax compliance, then SARS flags them, and they owe money.

… They don’t have a business plan, so they struggle to get funding.

… They aren’t pricing their products/services correctly, so they don’t make enough profit.

… They don’t have proper business structures, so scaling becomes impossible.

And slowly, the stress builds up.

Without proper guidance, small mistakes turn into big problems.And those big problems? 

They kill businesses.

That’s why having expert support from day one is crucial.

2. The difference between success & failure

The most successful businesses don’t do it alone.

They ask for help, get advice, and surround themselves with experts who know the game.

Because let’s be honest:

Running a business isn’t just about selling something. It’s also about knowing the legal, financial, and operational side of things.

And if you don’t get that right, it doesn’t matter how great your idea is.

That’s where Govchain comes in.

We don’t just help you start your business. We help you run it, grow it, and keep it on the right track.

  1. Need help registering? We do it for you – fast and legally.
  2. Confused about tax and compliance? We guide you through it, so you don’t get stuck.
  3. Not sure what paperwork you need? We handle it. No guesswork, no stress.
  4. Struggling with business challenges? Our expert support team is here to help.

Govchain gives you the tools, knowledge, and support to run a business properly, so you don’t have to figure it all out alone.

3. How Govchain supports you every step of the way

Most services just help you start a business.Govchain helps you succeed in business.

From the moment you decide to take the leap, we’re here to guide you through as you start, run & grow your business.

Because starting is just step one.We’re here to help you run and grow your business – every step of the way.

4. Real Support, Real People, Real Results

A lot of business services are automated, impersonal, and impossible to reach when you actually need help.

Govchain is different.

  • You get real experts helping you, not just an online form.
  • You get ongoing support, not just a one-time service.
  • You get practical, step-by-step guidance, not confusing business jargon.

Our team is here to answer your questions, solve your problems, and help you stay compliant – so you never feel lost.

Because your success is our success.

Don’t let a lack of support be the reason your business fails

Most businesses don’t fail because they weren’t good enough.

They fail because they didn’t have the right foundation, the right knowledge, or the right support.

And you don’t have to make the same mistake.

  • Start your business the right way.
  • Stay compliant from day one.
  • Get the expert support you need to grow.

Govchain makes it simple.

No stress. No confusion. Just everything you need to start, run, and grow a business successfully.

So don’t let uncertainty hold you back.

Start strong. Stay compliant.

And let Govchain help you succeed.