Business Failure, The 8 Traps Causing Failure And The One Attribute Which Ensures Business Survival

It is estimated that 78% of all small business start-ups fail within the first twelve months years, and long-term survival is likely for only 22% of all new business start-ups.

At the same time huge corporations with seemly vibrant trade suddenly close their doors.

Why is this so?

An analysis of the reasons for business failure suggests that over 60% of all business failure is due to poor management practices.

The one attribute which must exist in every firm The only rule to survival is that money in must be greater than money out. We often forget this. Too many entrepreneurs think that extra cash will solve almost every problem. Good management - not money - is the key to a business flourishing or dying.

Does this mean that the old saying about using other people