Top 10 Reasons Businesses Fail: Number 8 – Operational Mediocrity.
How many owners like to say their business is mediocre? The bottom line is that some businesses have to be average because everyone can't be above average, but maybe you should leave that up to the other businesses. Continue reading
Top 10 Reasons Businesses Fail: Number 9 – Dysfunctional Management
Companies that have more than one owner have a greater chance of failure than companies with only one owner. Throw in family members, and it’s even worse. Continue reading
Over the next 10 posts, we will explore the top 10 reasons businesses fail. Please stick around if you want to understand them and avoid falling victim to them! Remember, in business, knowledge is power! According to the SBA, over 50% of businesses fail in the first 5 years. Why is that? And why do long term businesses (those over 5 years) fail? Continue reading