4 Reasons Small Businesses Fail

Posted by inventoryninja under Management
From http://www.waspbarcode.com 3385 days ago
Made Hot by: bryanenglish on January 20, 2015 1:03 am

Most entrepreneurs start a new business with dreams of success, but the unfortunate fact is, too many of them fail. The U.S. Census Bureau showed the reality in hard terms – 400,000 small businesses opened and 470,000 SMBs closed their doors just last year.

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Comments

Written by AngelBiz
3384 days ago

Brian - Excellent points. I would also add one more reason for failure. It is the failure to find a niche and instead trying to compete with large competitors head on. As a small business you do not have the resources to compete on their playing ground. You have to change the game and find a niche that is overlooked by competition.

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