If I were starting a business, i would take care of few points to avoid risk of business failure: $1.$ Define my business plan, how i want to achieve my goals$2.$ Define my business goals and objectives$3.$ How will i measure my success and goals, metrics to be identified$\mathrm{.}4.$ Prepare careful expenditure list and manage it religiously. Inability to manage finances is most common trap to a business failure$\mathrm{.}5.$ Understand my competitors in the business space and differentiate my product $/$ idea $/$ service for long term business sustainability$6.$ Have a back$-$up fund to meet my basic expenses, incase business fails.