Why Businesses Fail

Two major reasons why businesses fail was shared with us by business consultant Mike Welch from FranNet Minnesota.  

#1 Undercapitalization – Not having enough money to stick it out through the startup period can lead to failure within the first two years of a businesses formation.  Be sure to have a good flow of capital to sustain your business long term.  

#2 Lack of good processes – This is why franchising can often be a viable option.  Developing processes from customer service, sales, marketing, etc can be a big process.  

For more information and advice of keeping your business from failure visit www.firecorporateamerica.com


1 comment

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