According to the latest data gathered by the SBA, about 66% of small businesses will survive during
the first two years of operation. Despite the fact that this is more promising than the 80% failure rate
claimed by other sources, the figures are still high enough to cause
apprehension. Here, we explore why so many small businesses fail during the first few years.
One of the greatest outcomes of recent innovations in information and
communications technologies (ICT) is the democratization of technology
for individuals and businesses. You no longer have to be a
multi-national conglomerate in order to harness enterprise grade
solutions that can introduce new levels of efficiency and productivity
to your business.
Like it or not, companies don't always last. Sometimes they fail. But
what should you do if you are the owner of a struggling company? What if
you are an employee? Should you close shop? Should you jump ship?