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The Most Common Reasons for Small Business Failure and What to Watch Out For
How many times have you heard it?
A business owner complains about the government, the weather, the this, the that, for the
failure of their business.
When, in fact, for most businesses, the
statistics you’re about to see tell a
very different story.
A story that’s important to
understand so that you and your
team know just how much your own
actions ultimately affect the
success or failure of your
business in a much more
significant way.
Some statistics tell it like it really is.
Some statistical research on the
reasons why small businesses fail
provides interesting results. Please note
that ‘small businesses’ were defined as
those businesses with less than 100
employees. Given that, then, these
results apply to one-person small
businesses all the way through to
larger ‘small businesses.’
Let’s look at them and then analyse
the ramifications. >>>>>more
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