Starting a new business can be difficult. Nearly one quarter of all businesses fail about one year after they open. Nearly 50% of all new businesses go under within four years. Many do not succeed, because they cannot get access to enough start up capital. Others go under because of sheer incompetence, which accounts for […]

When it comes to running a business, the difference between success and failure can depend on a multitude of things. However, some key aspects of maintaining a well-run organization are often overlooked by novice business owners, which can lead to failure. One of the most important factors of successful business ownership is taking the time […]

Unfortunately, there is no step-by-step manual for running a successful, profitable small business. With so many outlying factors and variables that are beyond your control, it’s important to pay attention to the factors that are within your control, such as financial analysis.

Running a business, big or small, comes with a set of difficult obstacles that must be successfully tackled before becoming truly successful. This is evident in the statistics surrounding small business failure:

One out of four businesses fail after their first year. The number of failed businesses grows to 50% by the end of their fourth year in operation. About 5% of these businesses fail because of inadequate cash flow or sales. Many business owners know this is the way the corporate world works but don’t take […]

There’s no magic formula to running a successful business. While an equation would be helpful, the most business owners can do is learn from fellow entrepreneurs.

We’ve all heard the terrifying statistics surrounding small business ownership. But putting aside the numbers surrounding how many businesses don’t make it,

Owning and operating your own business is no small feat. While the United States economy thrives on small business, there is a lot of risk involved.

Life as a small business owner can be complicated. There are so many things to keep track of: the budget, checkbook, salaries, taxes, etc.