10 reasons why small business fail / 1 posts found

10 reasons why small businesses fail

No one wants to think of failure when they start a business but as per the statistics published by the Small Business Administration (SBA), seven out of ten new employer establishments survive at least two years and 51 percent survive at least five years. So knowing the aspects that make a business fail can help us prevent them for our own business or do something about them. So here 10 reasons why small businesses fail: Lack of clear objectives. It’s important to know why you are in business and if you are for the right reasons. Also the business owner needs to know […]