6 reasons why new small businesses fail

There have been a lot of words written over the years explaining why businesses fail. A little research though shows it mostly boils down to 6 common factors and themes.

Starting your business for the wrong reasons. Many people start businesses as a result of a change in their working lives. For instance, they may be made redundant and can’t find alternative employment so decide that they may as well work for themselves to earn some money. Others believe that working for themselves will give th...