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The United States Small Business Association has identified at least 50% of new small businesses fail within their first five years of operation. Identify the factors that MOST likely are the reason for these failures.

Entrepreneurs have a lack of business experience.
There is not enough competition in the market.
Entrepreneurs have a lack of capital to keep the business going.
Trade barriers prevent sizable profits.
The business fails to innovate.
Marketing strategies fail to attract customers.

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