958The Top 10 Reasons Startups Failhttp://www.squidoo.com/starup_failuresNew research by the U.S. Bureau of Labor Statistics shows that nearly six in ten businesses shut down within the first four years of operation. While not as calamitous as the 90% failure rate often repeated as fact, the BLS statistics are sobering for anyone tempted to invest their time and personal savings in launching a startup. To avoid becoming a statistic yourself, I have assembled the top reasons so many new businesses fail.Business > Small Business Businessentrepreneurshipstartupsbusinesswhy startups failApr 5, 2008Gimmesomesend email to Gimmesome
New research by the U.S. Bureau of Labor Statistics shows that nearly six in ten businesses shut down within the first four years of operation. While not as calamitous as the 90% failure rate often repeated as fact, the BLS statistics are sobering for anyone tempted to invest their time and personal savings in launching a startup. To avoid becoming a statistic yourself, I have assembled the top reasons so many new businesses fail.
Judging by the huge number of books, magazines, and Web sites on the topic, entrepreneurship is of enormous interest to the public. People from nearly every walk of life dream of one day being their own boss and becoming financially independent, yet many are held back by doubts about their innate talents, their tolerance for risk, and their ability to raise capital. Still others are so eager to forge ahead that they ignore major pitfalls and are driven by unrealistic expectations about their future lifestyle as entrepreneurs.
This lens is about putting to rest some of the most common preconceptions about starting a business in the hopes that it will inspire more people to explore entrepreneurship and to enjoy greater success along the path.
Studies of customer profitability have found in many businesses that only a small percentage of accounts are responsible for all of the firm's profits once costs related to acquisition, service, and support have been factored in. The staggering truth is simply this: many customers cost more to serve than they bring in revenue!
So you've been making jewelry for a little while now and you'd like to expand from giving them away as gifts to friends and family and start making a little money? Here are some simple tips on getting started selling your creations.
The name of of your business is one of the most important things that you want to make sure to get right. A wrong name can cost you business and clients, as it's the first thing that customers hear. I mean...
Tapestry is one of the oldest and most seductive forms of woven textiles and the principal means of creating pictures through weaving.Indeed, it is highly likely that the original magic carpet was a flat woven Kilim, or tapestry rug, from Persia.
starting a small businss/website that makes money is too hard for some people if they do not know what the right tools and ways is? here you can find what the tools you should use to make your website makes money.
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