5 WAYS TO PREVENT YOUR SMALL BUSINESS FROM FAILING (AND HAVE IT FLOURISH)
Growing a small business is a lot like growing a bonsai tree. It requires constant maintenance, care, and love to flourish and succeed. Yet, as many first-time entrepreneurs quickly…
Growing a small business is a lot like growing a bonsai tree. It requires constant maintenance, care, and love to flourish and succeed. Yet, as many first-time entrepreneurs quickly find out, even the slightest inconvenience can make it wither and die. According to SBA, 30% of small businesses fail within the first two years, and another 50% fail after the five-year mark. However, this doesn’t mean that people shouldn’t give entrepreneurship (or bonsai trees) a chance; just that they need to be a bit more prepared beforehand. In light of this, I’ve compiled a list of five awesome ways small business owners can prevent these failures from occurring and grow their business instead.
