Businesses go under all the time, for a plethora of reasons. CBInsights looked at 101 different reasons businesses fold and found the top 10 killers. Most of these can be avoided or at least prepared for. Take a look!
It’s hard to find good help, and it’s even harder to keep them. Especially for small businesses.
The unemployment rate is 3.6%, the lowest it’s been since December 1969. Which is great for workers, but bad for the smaller companies that make up the majority of U.S. businesses.
Having an advantage over your competition is key in today's competitive landscape. The best, and often easiest way to achieve a competitive advantage is with excellent customer service!
One of the key struggles for any new business owner is figuring out how to get a company up and running without breaking the bank. Startup costs can cripple an entrepreneur and kill the business before it’s realized, so minimizing these costs is critical for any new company.
One option for reducing costs - that didn’t exist prior to the Internet - is the possibility of having an online presence only. Many businesses are forgoing the traditional “brick and mortar” style in favor of operating solely online.