Why do so many start up businesses fail?

The practical reasons are regularly documented but very often it is the personal issues that are the catalyst.

Is it because they

Are too unaware of the precarious position they have created?

Are not willing or too proud to seek guidance?

Wait until it is too late to ask for help?

Have insufficient resilience?

Lack the essential business management skills?

How do we initiate a critical and much needed wake up call?