The SBA has reported that 75% of all new businesses fail in the first 2 years. That number grows to 95% over a five year period. Are you aware that 3000 new businesses start up every day?!!!!!!!!!!! What are some of the reasons new businesses fail?

Poor financial planning is one of the four most reported reasons for small business failure. Not having enough money to sustain the business until it can make enough from sales to pay all bills takes all the fun out of operating your passion business.

Here is a strategy you can use to overcome this problem

Separate business from personal credit and use continuous rounds of financing to keep your business well financed.

Imagine having financing for your business ideas at your fingertips.
That's the power of financial planning using business credit.

Sounds great! I suppose that if you're not a 'Middle Market' company you don't stand a chance for this type of opportunity!

Lack of support and
team.

Post edited by: virtuallucinda, at: 2007/12/15 01:25

Business failure can be attributed to such issues as lack of money to finance your business. Poor management and absence of a good business plan can mean doom for a new business. There are many other reasons new businesses fail.

However, the top most reason is lack of planning.

I am completely in favor with you that money plays a great role to keep our business running and lack of support is also a main reason.