Opening a spa business is a rewarding venture, providing therapeutic services that help people relax, rejuvenate, and enhance their well-being. However, as a spa owner, there are certain pitfalls you may encounter along this entrepreneurial journey. Learn from some common … [Read more...]
10 Common Causes of Business Failure
Running a business is not easy. In fact, it's one of the most challenging things you will ever do in your life. According to statistics, about 50% of businesses fail within the first five years. So what are the common causes of business failure? This blog post will discuss the … [Read more...]
How To Avoid Business Failure In It’s First Year
Business failure is common for businesses just starting out, especially within the first year. There's a lot of financial risk at play for a business that has gathered funds to help get it on its feet and now needs to maintain its performance and generate sales. That said, … [Read more...]
How Too Much Pride and Ego in Business Can Lead to Your Downfall
According to recent statistics by the U.S. Bureau of Labor Statistics, almost 50% of new businesses fail within their fifth year of operation. Of course, this failure doesn't happen in a day or two. It happens gradually with several contributing factors. One of these factors is … [Read more...]
Here are Some of the Biggest Mistakes that New Business Owners Tend to Make
If you are a small company owner, then you should not let the excitement and enthusiasm for your new venture get in the way of your success. You have to ensure that you are still protecting yourself financially and legally. If you don’t, then you may end up experiencing major … [Read more...]
