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How NOT to be a Small Business Failure Statistic

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The first few years were critical. While almost three-quarters of small business startups survive the first year, less than one-third of micro-companies (less than five employees) were in business after five years.

These statistics by themselves may be of little value to you directly. We know how many small businesses survive and for how long, but it's far more important to know why some survive and others do not. There are a lot of studies on small business failure. Searching reasons for small…

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Home based small business boon or a bane?

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If you are serious about the idea of making money through home-based business then here are tips which are a beneficial tool for those who want to begin to work at a home-based business. A simple solution is to start with a business from home focused on the internet arena i.e. where the work is based on the Internet.

The market is teeming with numerous ideas of home-based internet business launched by innumerable companies. Every single day new schemes come into the market under the garb of leg…

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The Business Planning Process: Launch Your Small Business Startup With Success

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Business planning is one of the most important steps towards building a successful startup business, and you can use some specific strategies to create a comprehensive outline. An effective business plan will help you determine your goals and help you organize all of your small business ideas with ease. If you've ever been stuck with too many ideas and not knowing where to start, business planning will help take the pressure off. Understanding the business planning process is important for creat…

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What can a factoring company do for your small business?

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What can a factoring company do for your small business?

Are you selling goods or services to commercial customers or to the government? If so, you are probably used to the idea of having to wait up to 60 days to get your invoices paid. However, waiting to get paid can be challenging, especially if you have business expenses that can't wait.
That is where a factoring company can help you.

Factoring companies can provide you with financing, based on your slow-paying invoices. They eliminate the …

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Are You Thinking Too Small and Dooming Your Small Business

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One problem that many small business owners run into is simply thinking too small. I often have readers writing to me asking for helping to get their business ideas off the ground. I also often hear from folks who have run their small businesses into the ground. There are five key areas where you can think too small — and doom your business to failure.

Niche Too Small

Is your niche too small? Finding a small market to target with your business is key to success, but sometimes people narrow the…

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8 BIG Small Business Mistakes

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Here's an interesting notion: Do you realize that there are mistakes you can make at various stages of your business growth that can be slowly killing it for months or even years if you don't watch for them?

Well, these mistakes do exist and they are not just reserved for the rookie companies. Many working businesses, including those you might think are successful because they've been around for 10+ years, are often still making them and are possibly losing a lot of money and/or wasting a lot o…

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7 Key Tactics For The Small Business Owner

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For most folks, owning your own business is a dream come true. The freedom of being your own boss and succeeding to the best of your ability are facts of life for the small business owner. Sure, there’s more stress than what you probably imagined when you were creating your grand plans, but with a little strategy and planning, you can overcome any tough spot you get in. There are 7 tactics developed by successful marketers that are sure to make your business as successful as theirs.

1. Create A…

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The Worst Small Business Financing Strategy Ever?

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Depending on whose stats you pay attention to, approximately 80% of small businesses fail within their first 5 years of operation.

In many cases, it's not that a particular business could not succeed; there just wasn’t sufficient time to figure out how to succeed.

Which brings us to the worst small business financing strategy ever - starting their business with credit cards as the only source of financing, and an expectation of sustainable business results within 3 to 6 months.

If everything …

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The Business Planning Process

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Business planning is one of the most important steps towards building a successful startup business, and you can use some specific strategies to create a comprehensive outline. An effective business plan will help you determine your goals and help you organize all of your small business ideas with ease. If youve ever been stuck with too many ideas and not knowing where to start, business planning will help take the pressure off. Understanding the business planning process is important for creati…

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Thinking About Starting a Small Business?

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There are lots of people out there thinking about starting a small business, and tons of great ideas, but few people actually go out and do it. So many people think and think about it until all of a sudden they're fifty-something, still with that great idea, but no business.

There's no doubt it takes a special type of person to be an entrepreneur. It's definitely not for the faint of heart. It takes the desire to succeed, courage, perseverance and a great deal of will power to continue to work …

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