According to data from the Bureau of Labor Statistics, as reported by FunderaLinks to an external site., approximately $20$ percent of small businesses fail within the first year. By the end of the second year, $30$ percent of businesses will have failed. By the end of the fifth year, about half will have failed. And by the end of the decade, only $30$ percent of businesses will remain $$ a $70$ percent failure rate.

The True Failure Rate of Small Businesses $($entrepreneur$.$com$)$Links to an external site.

a$.)$ List $1$ potential reason why a small business might fail and why.