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Gen Bus Oct 2012 - "Why Do Small Businesses Fail?"

Gen Bus Oct 2012 - "Why Do Small Businesses Fail?"

Gen Bus Oct 2012 - "Why Do Small Businesses Fail?"

Excerpt


Why Do Small Businesses Fail?


According to the U.S. Small Business Administration, more than half of entrepreneurships fail within the first five years of existence. Former small business owners cite a litany of reasons why their business didn’t make it, usually ranging from complaints about banks and the government to their allegedly incompetent partners. Although some of these reasons are legitimate, most small business failures are caused by a lack of planning and focus on the part of the owners – despite the fact that there are many experienced professionals willing to provide assistance.


 


 


 




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