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2017: THE YEAR OF START-UPS AND THE SMALL BUSINESS/in Growth Strategy, Small Medium Enterprises /by admin
I have themed the 2017 financial year, “The Year of Start-ups and the Small Business” and while it may sound like wishful thinking to many, I do believe that for those entrepreneurs who have been working on great business ideas, and have done all that is required to go to the market, 2017 is a great time to venture out.
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5 REASONS WHY SMALL BUSINESSES FAIL./in Growth Strategy, Small Medium Enterprises /by admin
Sadly, passion and ‘big talk” are not often enough to help small businesses survive the first twelve (12) to twenty four (24) months of their business life. The jury is still out as to what percentage of start-ups or small businesses fail within the first two years of commencement of business operations. While some researchers have put it at between 80%-90%, some others have put it at about 50%.