Being a small business owner is no easy task.
More often than not, you’re trying to break into a well-established market, going head-to-head with industry veterans.
On top of that, there are literally hundreds of variables you need to account for – from marketing to staff to supply and demand.
“Starting a company is no walk in the park,” writes Roy Osing of The Globe and Mail. “Entrepreneurs and small business owners will tell you that growing a business requires hard work, dedication, and strategic planning to succeed.”
In other words, it’s not a job that just anyone can do. With that in mind, it should come as no surprise that more than half of businesses don’t survive past their fifth year. How can you ensure your small business is one of those that does?
Easy – by understanding how you might fail and taking preventative measures against that failure. Continue Reading →