Small Business

In a recent report from CB Insights they aggregated data from myriad startups over the years to determine why they fail. Boiling it down to the top 20 reasons startups fail, 2 are the result of pivoting. Either failure to pivot or a pivot gone awry. A pivot entails altering the direction of your

The number one reason businesses fail is due to them not solving a market problem. CB Insights conducted research based on 101 small businesses and found that 42% of small businesses fail due to no market need. Consumers of different goods and services will always have problems, which will always

Many entrepreneurs prefer to start up their business ideas as sole proprietors. This is because sole proprietorship businesses are easy to form, less expensive to start up, and require few legal formalities than other business structures. However, as your business grows, a need to restructure the

Some small businesses refuse to take credit cards due to the risk (and wealth) of fees that come with them. Chargebacks being one of the prime issues, where, if you exceed a certain amount, you'll be end up being blacklisted from the credit card company. Additionally, as it's "credit" you can also

Every business starts much the same way; with an idea that someone is inspired to pursue. However, regardless of the necessity of this grand new product, many businesses do not make it past the "startup" point. Of course, this can be for any number of reasons: loss of investor funding or lack of

There are many factors and conditions involved when it comes to operating a successful business. As an entrepreneur, you're no doubt familiar with the numerous obstacles you face while in the process of building your company. Entrepreneurship is as exciting as it is vexing. It's as the quote