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6 Reasons Your Small Business Will Fail (And How to Avoid Them)

Up and Running

According to Small Business Administration research , only half of new businesses survive for the first five years and only one-third of new businesses are able to survive for 10 years. We can also conclude that about 65% of new businesses don’t make it to the ten-year mark.

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10 Qualities of a Good Business Plan Explained

Up and Running

According to the United States Small Business Administration, there are approximately 32.5 million small businesses at the moment. The number fluctuates from year to year with businesses coming and going. A business plan does far more than help secure venture capital when you’re starting out.

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Tips for Writing a Successful Business Plan for a Daycare Center

Up and Running

For detailed information on the size of your primary market, there are helpful resources such as this market research guide from the US Small Business Administration. Like it or not, this will likely affect your revenue and enrollment, especially if you are offering part-time care. What is your business model?

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Business 2011 - Optimism, But Heed the Lessons

Startup Professionals Musings

Small businesses now believe they have played a key role in the U.S. Still, they are fighting for action, particularly in the area of higher Small Business Administration (SBA) loan limits. Add new revenue streams, and more aggressive marketing. Increase operating efficiencies. One out of two U.S.

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How to Balance Cash Flow in a Seasonal Business

Up and Running

Techniques for managing cash flow in a seasonal business. Most seasonal business owners employ one or more of these classic techniques: Find alternative business options for the slower part of the year. Hire employees only during the busy times and lay them off when the season ends. Nurture forecasting.

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How to Start a Construction Company

Up and Running

But once you have a solid construction company business plan and know the direction you want to take, you can start your own construction business. Small Business Administration (SBA) have pointed out, construction is a high-growth industry right now and is expected to remain strong for years to come.

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How to Balance Cash Flow in a Seasonal Business

Up and Running

To ensure sufficient cash flow through the slower sales season, business owners employ various survival techniques. Some find alternative business options for the slower part of the year. Some hire employees only during the busy times and lay them off when the season ends. Management of inventory is another critical tool.

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