Small Business Failure Reasons Solutionsvalid until: 14 Jul 2020date published: 14 Jul 2019
If you Google something like “why do small businesses fail” you’re going to get a lot of information. To much information!!! It’s important to keep things simple in a complicated business environment. Most experts would agree that poor planning is in the top 5. I believe that poor planning is the #1 reason why small businesses fail. With the proper plan and the tenacity to carry it no matter what would cut the failure rate in half. Napoleon Hill laid out all of the plans anyone will ever need to succeed. He is directly and indirectly responsible for helping tens of millions of people succeed in business and in life. Napoleon Hill states in no uncertain terms that the starting point for success is “A Definite Chief Aim”. I like to call it an Objective.
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