The concept of the fatal 2% rule is that if a venture can just get “2%” of total market share it will be successful.
This percentage can be unattainable based on the approach, limited resources, and/or structure of the industry.
Check out our article on how to perform a SWOT analysis to get a clearer sense of where your business really stands, as well as The Key Elements of the Financial Plan.
At Bplans, it's our goal to make it easy for you to start and run your business. The Bplans glossary of common business terms will help you learn about key small business and entrepreneurship topics.
