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Avoiding Five Common Small Business Startup Failures

Summary

Hundreds of new businesses are started every day, and unfortunately more than half of them fail within their first two years. Some businesses fail because the original business concept was ill conceived and others fail because of external factors such as a deteriorating economy. However, most businesses fail due to the decisions that the owner makes. Here are some common pitfalls that you should try to avoid.

First published

03/21/2017

Genres

education

Duration

5 minutes

Parent Podcast

North Shore Bank's In Your Interest Podcast

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Episode Description

Hundreds of new businesses are started every day, and unfortunately more than half of them fail within their first two years. Some businesses fail because the original business concept was ill conceived and others fail because of external factors such as a deteriorating economy. However, most businesses fail due to the decisions that the owner makes. Here are some common pitfalls that you should try to avoid.

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