If you are starting a brand new business and you don’t have any kind of budgeting software or financial performance analysis tools, you better be a human calculator with a photographic memory. Between 2013 and 2014, over five percent of surveyed businesses ceased operating because of inadequate cash flow. In fact, as many as 25% […]

Understanding financial ratios is essential to cultivating a healthy business. Between the years 2013 and 2014, 5.2% of surveyed businesses failed as a result of inadequate cash flow or sales. Many of them probably did not even realize the magnitude of their financial problems because they were not able to calculate and interpret their financial […]

The unfortunate reality is that one out of every four businesses fails after its first year in operation. This number increases to 36% after the second year and 50% by the end of their fourth year in operation. About 5.2% of these businesses fail as a result of inadequate cash flow or sales, which happens […]

As many as 25% of new businesses fail after their first year. Between 2013 and 2014, 5.2% of surveyed businesses failed as a result of inadequate cash flow, and financial incompetence is the reason why 46% of businesses cease operating in general. Companies that have no knowledge of pricing, financing, or proper planning are doomed […]

For every company you have ever heard of, there are more than twice as many businesses you never knew existed — and that’s because they failed. One in four businesses (25%) fail after their first year. As many as 36% of businesses fail after their second year, and 44% fail after their third year.

You are passionate about your business. You worked hard to get to where you are, and you have full faith that your company can thrive, providing the highest quality product and the most excellent customer service on the market. But maybe math, finance, and accounting are not your strong suits. As knowledgeable as you are […]

All businesses are unique — small businesses especially. While some sort of uniform algorithm would certainly be helpful to determining the keys to running a successful small business, the best many small business owners can hope for is to learn from their peers and by studying what other businesses are doing right. By examining these […]

Between 2013 and 2014, over 5% of 14,405,210 businesses surveyed closed their doors due to inefficient cash flow. A lot of things can go wrong for an entrepreneur, but if you plan ahead and determine a specific goal, understand your market, choose your location wisely, and conduct a proper financial risk analysis, your chances of […]

In previous blog posts, we’ve told you that one in four businesses fail during their first year. That number increases to 36% by the second year, 44% by the third year, and 50% by the fourth year. Since small businesses are the lifeblood of any economy, that’s a disturbing set of data. Even worse? It’s […]