The Art of Running A Business

I came across a great article at The New York Times site.
It's one of the better pieces for the would-be entrepreneur.
There are a lot of crap-articles when it comes to business how-to; articles with more fluff than substance.
It was nice to find a good one.

In my experience as a business owner, the article's 10 reasons small businesses fail are spot-on.

1. Not enough demand for the product
2. Owners that can't get out of their own way
3. Out-of-control growth
4. Poor accounting
5. Lack of cash cushion
6. Operational mediocrity
7. Operational inefficiencies
8. Dysfunctional Management
9. Lack of a succession plan
10. A declining market

Read the whole article TOP 10 REASONS BUSINESSES FAIL to get an explanation for each of these pitfalls.


Cheers!