Technology is advancing at a rapid pace over a multitude of industries, and the corporate world is scrambling to catch up. It seems as if the bottom falls out for a major corporation every single day, and you need the best tools possible to ensure that your company isn’t next on that list. With financial […]

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 […]

One-quarter of businesses fail within their first year, while half of businesses fail by their fourth year of operation. Although these statistics may be as staggering as they are intimidating, it’s important to look at the reasons behind these failures. Nearly half of failed businesses go under due to incompetence, meaning they price emotionally, live […]

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 […]

We’ve all heard the terrifying statistics surrounding small business ownership. But putting aside the numbers surrounding how many businesses don’t make it,there’s still a lingering question: WHY do they fail? Nearly half of the businesses that fail do so because of incompetence. Specifically, their prices are too high/low, owners live above their means, don’t pay […]

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.