THE NUMBER ONE REASON FOR BUSINESS FAILURE!

RALPH WALDO EMERSON SAID,
“BUILD A BETTER MOUSETRAP, &
THE WORLD WILL BEAT
A PATH TO YOUR DOOR.”

But when you are starting your own business, there is no guarantee that your “mousetrap”
is going to survive, especially in today’s fast-paced business world.
Nearly half of all small businesses fail within the first two years of operation. The number
one reason for business failure is inadequate planning. The second reason is
under-capitalization.
So before you mortgage your house, or go into debt financing your business, you need
to know if your business is going to do more than survive — you want to know if it’s good
enough to thrive! Here are three (3) things successful businesses that have stayed in
business for five years or longer have in common:
1. The idea. A successful business start-up always starts with an idea. Something that
makes your business stand out from all the rest. So how do you know if you have got a
good idea?
Get more Insights from our article –The Number One Reason for Business Failure!



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