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5 Reasons Why Businesses Fail

01.07.2017
Тип статьи:
  • Авторская

However, do not be discouraged. If you believe in your business, passion will prevail. On average, 75 percent of small-business owners are confident in their company. And why should not they be? They've turned their passion into profit. Yet, keep in mind it's important not to be overly confident. Instead, take things one step at a time. Typically, 20 percent of small businesses fail in their first year, 50 percent in their fifth year and 70 percent after a decade of being in business.

A number of factors play into a business's closing, such as location, the current market, cash flow and more. The number of reason most small businesses fail is due to cash flow, and California cities such as Stockton, Modesto, San Bernardino and Santa Rosa are some the worst places to launch a business because they can be expensive, the market's not there or they are too isolated.




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Автор: markblake

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