Tuesday, November 30, 2010

Is chronic compromise the cause of business failure?

The mortality rate for small businesses is still scary. Approximately seven out of 10 new small businesses survive at least two years, half almost five years, a third more than 10 years, according to the most recent United States census...
The reasons for the high mortality rate changes little year-to-year, according to the U.S. Small Business Administration. High on the list are insufficient funds, poor product or service, unqualified entrepreneurs, and lack of commitment.
But the most important, yet seldom discussed, reason most small businesses fail is fear of failure...

Read the rest of the Mark Cox article HERE.

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