Why Small Businesses Fail, the Challenges, and the Luxury of Online Business
Posted by Hendry Lee on 08/21/06 in Niche Marketing
The data from U.S. Small Business Administration (SBA) showed that over 50 percent of small businesses fail in the first year and 95 percent fail within the first five years.
In his book Small Business Management, Michael Ames gives the following reasons for small business failure:
Lack of experience
Insufficient capital (money)
Poor location
Poor inventory management
Over-investment in fixed assets
Poor […]
