Why Some Companies Fail

Ten Tips to Ignore When Starting a Business

Ignore the small talk. Your business is built on solid ground, principles, hard work and dedication. Try not to allow all the fluff to cloud your mind. Some things you just have to ignore.

Why Some Companies Fail

Chances are that if you are an entrepreneur and start a small business, you won’t make it past the five-year mark. Statistics tell us that small to medium-sized enterprises fail at a staggering rate. Sixty-eight percent of those with less than five employees and forty-eight percent of those with between five and ninety-nine employees fail within five years of start-up.

The Face of Small Business

The entrepreneur is the first ingredient in a new business plan. The entrepreneur is the driving force and coordinator of all the activities, resources, and people that need to be brought together to start a new venture. The entrepreneur’s passion and vision give life to the business. The entrepreneur brings to the business: experience, education, skills, a value system, and a network of people to rely on for help in getting the business started.