Category Archives: Lack of Business Planning

5 Important Reasons – Why Small Businesses Fail?

As per the statistics by the Small Business Administration (SBA), about half of all new businesses survive for no more than five years and a third survive for some ten years or more. If you are a startup business owner you may even encounter failure if you make mistakes that the earlier failed businesses have done.
See the five reasons that lead to failure of most new businesses within short span of time.