Avoiding Five Common Business Startup Failures

North Shore Bank's In Your Interest Podcast

03/21/2017

Five Small Business Startup Failures and How to Avoid Them

Hundreds of new businesses are started every day, and unfortunately more than half of them fail within their first two years.  Some businesses fail because the original business concept was ill conceived and others fail because of external factors such as a deteriorating economy.  However, most businesses fail due to the decisions that the owner makes.
 
Here are some common pitfalls that you should try to avoid.

 

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