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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
3 / 619 |
Essay's paper body
According to the U.S. Small Business Administration, roughly 50% of small businesses fail within the first five years.
In his book Small Business Management, Michael Ames gives the following reasons for small business failure:
Lack of experience
Insufficient capital (money)
Poor location
Poor inventory management
Over-investment in fixed assets
Poor credit arrangements
Personal use of business funds
Unexpected growth
Gustav Berle adds two more reasons in The Do It Yourself Business Book:
Competition
Low sales
More Reasons Why Small Businesses Fail
These figures aren't meant to scare you, but to prepare you for the rocky path ahead...
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Underestimating the difficulty of starting a business is one of the biggest obstacles entrepreneurs face. However, success can be yours if you are patient, willing to work hard, and take all the necessary steps.
On the Upside
It's true that there are many reasons not to start your own business. But for the right person, the advantages of business ownership far outweigh the risks...
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General points of the essay
Advisories for Small Business Administration Counseling
Credit Crisis for Small Businesses
E-Commerce and Small Business
Entrepreneurship And Small Business
Small Business in America
Start Your Own Biss
Starting a Small Business
small business accounting
small business
The Impact Of The Americans With Disabilities Act (Ada) - Title I - On Small Businesses
The Impact of E-commerce on Small Businesses
Purchasing A Small Business
Small Business Setup
Survival Tips For Small Businesses
Problem for small businesses
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