• Why do 80% of Businesses Fail?

    The statistics tell us that 80% of businesses fail in the first 5 years.

    The reasons cited include:
    lack of basic business skills
    not enough good advice
    cash flow problems
    lack of sales
    losing focus
    pricing poorly
    not seeking help
    underestimating the competition and the market
    undervalueing promotion

    Usually the reasons are directly related to the product or service sold by the person citing the statistics.

    This month, in the Business Owners Success Club, we are going to look at what it takes to make sure your business succeeds. Is it a matter of discovering the 36 or 100 or 78 business competencies and mastering them?
    Is it a mindset? Is it as simple as making a great product or service and selling it at the right price?

    Follow along as we explore this and please comment to share your ideas about what it takes to be successful in business.

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