8 out of 10 Businesses Fail – Avoiding the Small Businesses Graveyard with Mort O’Sullivan and Kelley Massey
According to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. A whopping 80% crash and burn.
Some common mistakes include:
- Failure to forecast
- Disrespecting the accounting function
- Lack of financial skills
- Failing to file and pay taxes
- Failing to leverage human capital with the ower taking on too much
- Not developing a relationship with a business banker early enough
Whether you desire to start a new business or you’re already running a business, you must understand that success depends on careful strategic planning and sound fiscal management that begin prior to startup and continue throughout the life of the business.
In this session, you will learn from the professionals what not to do and get simple solutions to help your business avoid the graveyard.