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Business Partner Magazine

Tips and advice for entrepreneurs, start-ups and SMEs

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10 Common Causes of Business Failure

January 17, 2023 by BPM Team

Upset businessman touching forehead while talking to the phone

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

November 21, 2022 by BPM Team

Upset businessman touching his forehead while talking on his phone at work

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

October 26, 2022 by BPM Team

Entrepreneur writing notes sitting at his desk

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

August 10, 2022 by BPM Team

Woman store owner

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...]

3 Mistakes to Steer Clear of When Starting a Business

February 16, 2022 by BPM Team

happy middle aged woman using her laptop on the sofa at home

If you have an idea for a business like many aspiring entrepreneurs, you’re likely fired up to pursue an entrepreneurial venture and make your mark on the industry. However, it’s always worth taking a few steps back before you move forward with your plans so that you can steer … [Read more...]

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