It is a fact that 30 percent of businesses do not reach ten years in operation and that several factors contribute to this. Failures can result from poor business planning, ineffective management, and lack of financial resources. Or perhaps, a business suddenly goes bankrupt after a few months because the aspiring entrepreneur was too excited to get it going and just took the plunge or was too busy to spend some time for business lessons. However, for those that remain standing and are reaping the fruits of their respective trades, there are factors that enhance their staying power aside, from just building a strong foundation. These are the people who know how to succeed.
Are you following your passion and planning on starting a business?
First, be in control. As the owner or the driver of the company, you should know the roles being played by your personnel and demand to get what
Business Basics, Entrepreneur to Survive, Triumph