“Every eight minutes a small business dies.” This is how I start a lot of my speaking engagements. This bit of information comes from some research I got a few years ago while digging around the census data. Of course, my next step in the research was to find out exactly WHY they failed.
And get this – there are a lot of articles and some studies, but I wouldn’t say that I found any definitive reason why. The top reasons stated were lack of funding, not enough sales, the usual suspects.
"Accounting for the Numberphobic:" SMB Owners Financial Guide
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