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6 Reasons Your Small Business Will Fail (And How to Avoid Them)

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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. We can also conclude that about 65% of new businesses don’t make it to the ten-year mark.

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4 Startup Funding Challenges and How to Overcome Them

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From jewelry to dog food to SaaS (software as a service) products, startups are popping up in virtually every field around the world, despite the risks. For example, for a restaurant, having a stylish interior is a strategic aspect of your business. Make sure to use the latest automation and software technologies wherever makes sense.

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You’ve Got Funding: 5 Things to Do With the Money Right Away

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Take a moment and step back to review the business plan that you worked so hard on. The details within those pages will remind you of the spending strategy you outlined to get your business off the ground. Look closely at your cash flow forecast so that you can spend accordingly. Evaluate technology needs.

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Practical Market Research Resources for Entrepreneurs

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Small Business Administration – SBA. Small Business Development Center – SBDC. Census Cendata: This page has a menu of available reports that include reports on different manufacturing industries, county-specific economic surveys, business patterns for a specific ZIP code and others.

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How to Start a Brewery: Growing Your Own Craft Beer Business

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Most small businesses and startups that are looking to grow— hire a new employee , or buy a new piece of equipment, or open a new location —need to think hard about cash flow, or making sure they have enough money in the bank to meet payroll and other financial obligations. Review your business plan regularly.

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8 Steps to Starting Your Own Business

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If you’re selling enterprise software, this may require a significantly larger investment than a coffee shop. In fact, the business plan does not have to be a formal document at all if you don’t need to present your plan to outsiders. Small Business Administration (SBA) Loans. Commercial (banks). Credit cards.

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Tips for Writing a Successful Business Plan for a Daycare Center

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You want to review all the different components of your business model. This description should basically be an elevator pitch for potential partners and business investors to get excited about what you’re offering and your unique location, philosophy, and approach. Up-to-code kitchen with three-compartment sink and grease trap.