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BizzAlley-3 Common Reasons Small Businesses Fail The First Year And How To Avoid Them

2019-01-02 1 Dailymotion

8 out of 10 new small businesses fail within the first 18 months according to Forbes research.<br />The clues these failures leave behind can help avoid succumbing to the same fate.<br />Number1. Lack of Market Research Before Launch : Identifying your strengths, weaknesses,<br />opportunities and threats is really important for a successful business.<br />Number 2 Leadership Failure : Knowing yourself, hiring the right team and leading them<br />effectively is another key to success.<br />Number 3 Rapid Growth or Expansion : Careful planning at every level of operation is a must-<br />have for any small business to succeed.

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