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What are the chances of your business success? At Carson & Crew, we are dedicated to making sure you have the numbers you need to manage your business effectively.
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Business Success or Failure
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Small Business Success
With the new business survival rate statistically at only 50% after four years, these are key to business success:
- Love what you do – be motivated
- Research your marketplace
- Have a business plan and invest with adequate capital for the long haul
- Balance your books and manage with your numbers
71% of business failures are due to inadequate records management and capital funding.
Several studies have been done, and research continues, in the area of small business, defined by the US government as businesses with less than 500 employees – which represents 99.7% of all employers.
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