According to statistics published in 2017 by the Small Business Administration (SBA), about one-fifth of business startups fail in the first year and about half of all employer establishments fail within five years. Only about one third survive ten years or more. Those statistics are rather grim. And while there are a multitude of conditions that can result in a business failing, most small companies that go out of business make similar mistakes.

“It’s not the plan that is important, it’s the planning.” Dr. Graeme Edwards
The life of an entrepreneur is unforgiving. It is a constant challenge. There are many moving parts. Any one of them could put you out of business.
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