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.
- Not enough demand for the product
- Owners that can't get out of their own way
- Out-of-control growth
- Poor accounting
- Lack of cash cushion
- Operational mediocrity
- Operational inefficiencies
- Dysfunctional Management
- Lack of a succession plan
- A declining market
Read the whole article TOP 10 REASONS BUSINESSES FAIL to get an explanation for each of these pitfalls.