Monday, November 7, 2011

Four Tips for Avoiding Business Failure

There’s an oft-repeated statistic claiming that half of all businesses fail in the first year. That’s a myth. But the truth is not a whole lot more soothing. Fully 50 percent of small businesses fail in the first five years, according to the Small Business Administration. To survive, a new business owner needs to avoid some of the common blunders known to derail many an entrepreneurial dream.

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