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In: Business Failure

Small Business Failure Checklist You need to use our Small Business Failure Checklist, since: • 20% of new small businesses fail within the first year of operation, • Half of all small businesses fail within the first 5 years, and • Only one-third survive longer than 10 years. Business failure is almost always attributable to the entrepreneur that started the small business. As a small business owner, you must be aware of challenges you are facing; why small businesses fail; and when to get help to prevent it. Business failure does not only mean going out of business. It can also mean your business failsRead More →

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By nature, you as a small-business owner are optimistic.  This means that you may not be detecting the signs that your business is failing. You should be vigilant and realize that the odds of small business success are stacked against you. Every small business goes through turbulent times. However, you need to identify the symptoms of business failure before it is too late. Fortunately, the danger signs that your business is failing regularly show up long before your small business is in serious trouble. This provides you as a small business owner sufficient time to act and remedy the situation. The 10 Signs that YourRead More →

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In: Business Failure, Starting a Small Business

As a small business owner, you face many challenges and pitfalls today. Sadly, many small business owners do not know that small business failure is imminent until it is too late. The important question is: Why Do Small Businesses Fail? By knowing the main causes a small business fails, you can be prepared and avoid these pitfalls. Starting a small business is always a risky venture for the entrepreneur.  Regardless of the type of business, I believe that small businesses fail because they fail to plan. With no business plan, succession plan, or exit plan, you are destined to have significant problems in running, funding andRead More →