Why Small Businesses Fail

Why do so many small businesses fail? The reasons are often preventable with the right planning and strategy. One of the biggest culprits is cash flow—82% of small businesses fail due to cash flow problems, often caused by poor budgeting, lack of funding, or inventory mismanagement. Another major reason is lack of market demand—no matter how great your product or service is, if there’s no real need for it, your business won’t survive. Lastly, poor management can sink even the best ideas.

The good news? With the right financial strategy, market research, and leadership support, small businesses can build a foundation for long-term success.

Let’s continue the conversation and share insights. Email me to discuss!