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6 Reasons Why Small Businesses Fail - Investment - Nairaland

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6 Reasons Why Small Businesses Fail by ValourDigest(m): 3:17pm On Aug 01, 2018
6 REASONS WHY SMALL BUSINESSES FAIL
According to Small Business Administration research, only half of new businesses survive for the first five years and only one-third of new businesses are able to survive for 10 years. The inverse is compelling as we can conclude that if only 50% of new businesses survive for the first five years, then the other 50% fail in the first five years. We can also conclude that about 65% of new businesses don’t make it to the ten-year mark.
Forbes reports an even more grim statistic, based on Bloomberg research, that of every 10 businesses, eight fail within the first 18 months. What are the reasons businesses fail to thrive, given a 50/50 chance of survival and assuming a product or service for which there’s a demand? Let’s discuss six reasons businesses fail and some ways you can avoid business failure.
Read more at; https://valourdigest.com/6-reasons-small-businesses-fail/


9 THINGS EVERY MAN MUST ALWAYS REMEMBER
1. No matter what knocks you down, get up and keep flying. Never give up; great blessings always outlive great perseverance.
2. Talking about your problems can be an unconscious addiction. You need to consciously break the habit and talk about your opportunities, advantages and joys.
3. Good things come to those who believe, better things come to those who don’t give-up, and the best things come to those who keep flying with the big picture.
Read more at; https://valourdigest.com/9-things-every-man-must-always-remember/




HOW TO GROW A BEARD
WHAT YOU NEED TO KNOW AS YOU FILL OUT YOUR FACIAL HAIR
So you’ve decided to quit your life as a baby-faced All-American type (or New York Yankee) and grow a beard. Congrats. (No, really: Beards make guys look like boyfriend material in a woman’s eyes, according to research.)
But like any transition, growing out a manly beard takes some adjustment. As you start on your journey toward Paul Bunyanhood—or at least the intrepid ruggedness your great-granddad would’ve been proud of—keep these key pointers in mind.
EXPECT A WAIT
Read more at; https://valourdigest.com/how-to-grow-a-beard/





SIMPLE TIPS TO HELP YOU RUN YOUR BUSINESS
Running a small business can be a herculean task. From finding the right team to supervising daily operations, each has its own significant challenge.
When managing employees, it is necessary to be able to distinguish between the nature of an employee’s work and the level of an employee’s work so that you can properly evaluate your workers and determine whether they are a good fit for your organisation or not.
The nature of an employee’s work is best defined as the type of work that he does. This can refer to the basic daily tasks that he carries out as part of his job, and it can refer to other non-routine tasks that may also be required on the job. Added together, the characteristics of these tasks comprise the nature of an employee’s work.
Read more at; https://valourdigest.com/running-your-business/

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