Over 75% of small businesses fail within 5 years says by statistic.The question is 'why do small businesses? These are some of reasons why small business fail: 1. Lack of business plan and planning. 2. Under estimating costs. 3. Failure to control cost. 4. Poor market research. 5. Not changing the product to meet customer needs. 6. Wrong pricing. 7. Lack of finance. 8. Managerial problem. 9. Lack of financial management and planning. Failure of small business does not only depend on the environment as the reasons above are contributing factors. http://johnrichsecrets..com