Jan. 30th, 2023
What are the 11 Pitfalls to Small Business Success? Starting a business right is challenging, and keeping a new business afloat is even more complicated. Twenty percent of companies fail within the first two years, while 45 percent don’t see their fifth year. So, why are all these businesses failing? What are the owners doing wrong, and how could they improve their strategies and operations to make their next ventures successful? There are no shortcuts to running a company, and there is no single correct approach. After all, each industry and market is different, meaning you must develop your strategy accordingly. However, there are some tried-and-true methods that many small business owners have used to position themselves for lo…