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Informative Articles

Choosing a Merchant Account
3 Points of Choosing A Provider Point 1: Do you need a merchant account? If you are a new business, with limited funds and you anticipate processing less than $1000 a month in credit card payments, we do not recommend a formal merchant...
Desktop Labels Printers – Small or Large Jobs
Sometimes in business, there are times when overkill can end up costing the company more than the project is worth. Label printing, for instance, can end up costing lots of money if only a small amount of labels are required to get the job done. ...
Search Engine Optimization for Beginners
If you are confused about terms like "search engine optimization" or having a "search engine friendly" site, then listen up! I am here to help. Depending on how long you have had, or considered having, a website online, you have heard terms...
Some general information about the small business organisation
Many of the larger businesses in the UK are public limited companies which means that the public is able to buy and sell their shares on the Stock Exchange. Such companies have the letters plc after their name, and examples include Marks...
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Who Said Small Business Was Fun and Freedom Learn from Nature - How to Win Fun and Freedom You're working all hours and have no friends or hobbies. Your family think you're a distant relative. You complain about not being able to find time to...
 
Why Small Businesses Fail

Success in business is never automatic. It isn't strictly based on luck - although a little never hurts. It depends primarily on the owner's foresight and organization. Even then, of course, there are no guarantees.

In his book Small Business Management, Michael Ames gives the following reasons for small business failure:

1:Lack of experience
2:Insufficient capital (money)
3:Poor location
4:Poor inventory management
5:Over-investment in fixed assets
6:Poor credit arrangements
7:Personal use of business funds
8:Unexpected growth
9:Competition
10:Low sales

More Reasons Why Small Businesses Fail

These reasons aren't meant to scare you, but to prepare you for the rocky path ahead. Underestimating the difficulty of starting a business is one of the biggest


obstacles entrepreneurs face. However, success can be yours if you are patient, willing to work hard, and take all the necessary steps.

On the Upside

It's true that there are many reasons not to start your own business. But for the right person, the advantages of business ownership far outweigh the risks.

You will be your own boss.
Hard work and long hours directly benefit you, rather than increasing profits for someone else.

Earning and growth potential are far greater.

A new venture is as exciting as it is risky.

Running a business provides endless challenge and opportunities for learning.

About the Author

Stuart Billings is a small business owner, author and investor. Find out more about starting a business at http://www.free-business-resources.com.

 

United States Small Business Administration
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Business & Small Business
Online and print small business publication. Information to help start, grow or manage a small business.
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Microsoft Small Business Center
Your home for information about Microsoft's small-business products and services, tailored business advice, technology tools, and more.
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Advice and assistance for starting and operating a small or home based business.
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SCORE "Counselors to America's Small Business"
A nonprofit association dedicated to encouraging the formation, growth, and success of small business nationwide through counseling and mentor programs.
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Small Business and Self-Employed One-Stop Resource
IR-2006-2, January 3, 2006 - Temporary and proposed regulations will significantly reduce tax filing burden for nearly 950000 small business owners. ...
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BC Business Services offers assistance and resources for those running or starting a business in British Columbia and Vancouver.
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Small Business Service | Home
Provides information and advice to help small businesses realise their potential.
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NSW Small Business
A site developed by the NSW Department of State and Regional Development for small businesses. Topics include management, resources, current issues and ...
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Business Management & Advice: Small Business Resources & Information
Looking for business management and advice? Our website includes small business resources and information that can help you. Visit the small business ...
www.businessweek.com
 
Small Business Lawyer, Attorney, Law, Legal Help - FindLaw for ...
Information and legal sites relevant to small business.
smallbusiness.findlaw.com
 
Small Business Funding Opportunities (SBIR and STTR)
Links to Small Business Funding Opportunities and SBIR / STTR Applications.
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