Every Friday, I answer your small business questions in a video blog segment called Ask SmallBizLady.
This week, we are taking on the question why do so many small businesses fail?
Here are the 5 Top Reasons Small Businesses Fail
- No Life Plan
- No Network
- Not Saving Enough Money Upfront
- No Niche Customer
- No Fiscal Discipline
Like I suggest in my book Become Your Own Boss in 12 Months, you need to think about what your life is going to be like as an entrepreneur first, and then build a business that supports that vision. Start a good business that is good for you and your family.
If you have a question for Melinda Emerson, Small Biz Lady, I’m always here as a resource.
Leave a comment on this article, send a message using the contact us page, tweet me – @smallbizlady, on Facebook or you can hit me up on LinkedIn.