By Al Zdenek
Do you have the guts and the courage to have your business succeed? The government doubts it.
According to the U.S. Small Business Administration, over 50% of small businesses fail within their first year of operation. 95% fail within the first five years. That is 19 out of every 20 small businesses in the country. If that sounds outrageous, that’s because it is!
The ugly truth is, many businesses on the failure side of these statistics could avoid this fate if the entrepreneurs who started them had the courage to make the strategic business moves necessary to ensure a higher probability of survival.
There are many reasons why businesses fail, to be sure. But in my experience working with business owners, I’ve found there are five top actions any entrepreneur can take to improve their fortunes when the outlook is dim. The common ingredient to all five? Courage.
- Know when to…
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