The Top Challenges of Small Businesses
Six Disciplines
MAY 10, 2013
'Even though small businesses collectively generate $5 trillion in sales in the U.S., the biggest challenge of an individual small business is “survival.” 80% of all new business start-ups are out of business within five years. And if that doesn’t get your attention, 80% of the 20% that survive the first five years don’t survive the second five!2 That means, on the average, 960 out of 1,000 businesses that start this year will not be around in 10 years.
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