Do you know! Why Small Businesses Fail? According to internet research, we found 90% of Small Businesses Fail because of following reasons. Failure of small business is totally depended on startup mistakes.
Why 90% Small Businesses Fail? Failure Vs Success
1. You’ve started small business just for making money. Not for your passion. If you’ve passion then, convert it in business.
2. Poor Management.
3. Insufficient capital.
4. You’ve selected wrong location.
5. Lack of planning.
6. Over expansion.
7. Not having professional, good looking and optimized website.
9 TIPS TO GET SUCCESS.
1. GET ORGANIZED.
2. KEEP DETAILED RECORDS.
3. ANALYZE YOUR COMPETITION.
4. UNDERSTAND THE RISKS & REWARDS.
5. BE CREATIVE.
6. STAY FOCUSED.
7. PREPARE TO MAKE SACRIFICES.
8. PROVIDE GREAT SERVICE.
9. BE CONSISTENT.
Most of all small businesses go through few of these mistakes and get many issues on those business growth.