Starting a Business: Top 7 Reasons Why Small Businesses Fail

Brian Head, Economist with the SBA Office of Advocacy, noted that the latest statistics are a much more accurate assessment of new business success rates, and that "as a general rule of thumb, new employer businesses have a 50/50 chance of surviving for five years or more."
1. You start your business for the wrong reasons.
2. Poor Management
3. Insufficient Capital
4. Location, Location, Location
5. Lack of Planning
6. Overexpansion
7. No Website
More here.

Views: 49

Replies to This Discussion

Permalink Reply by John G. Self on February 16, 2009 at 11:30am
I would add an overarching theme: poor execution. You can have a plan, a good market, plenty of capital -- even a killer web site and still fail.

RSS

Subscribe

All the recruiting news you see here, delivered straight to your inbox.

Just enter your e-mail address below

Webinar


Glassdoor Webinar

RecruitingBlogs on Twitter

Groups

© 2024   All Rights Reserved   Powered by

Badges  |  Report an Issue  |  Privacy Policy  |  Terms of Service