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According to the U.S. Bureau of Labor Statistics, only 50 percent of business startups thrive past the fifth year. Companies that start off on the right foot during their first year of business often improve their chances of surviving. One of the major missteps a new business can make is trying to do too much at one time, which muddles the effort.
To make entrepreneurs’ jobs as easy as possible, the following infographic offers 11 business survival tips to help ride out the first year.
First Year of Business Survival Guide provided by Express Trade Capital
Also read: Survival Strategies Surface as Labor Shortages Plague Businesses Amid Impending Holiday Season
