Getting a small business going from the ground up is no easy task. Many difficult tasks lie ahead for the enterprising entrepreneur: crafting a business model, selecting a location, securing funding, breaking even (or turning a profit), and more.
About 80% of small businesses survive their first year, while that number drops to 70% at the end of the second year. Five years after being established, around 50% of small businesses are still afloat. Following inadequate funding, poor planning and bad management were the next most common issues to blame for small business failure.
Access to information regarding the creation of a small business can help people plan wisely and avoid common pitfalls.
That’s how we help: we research products, write reviews, and create in-depth guides and how-tos on topics like ideation, marketing, financing, accounting, and human resources.