10 Key Reasons why Entrepreneurs Flop

According to the U.S. Small Business Administration, there are 10 main reasons why budding entrepreneurs like you flop:

1. Lack of experience
2. Insufficient capital
3. Poor business location
4. Bad inventory management
5. Overinvesting in fixed assets
6. Making bad credit arrangements
7. Mixing personal and business funds
8. Mismanaging growth
9. Failing to respond to competition
10. Lack of sales

Actually, you could take #10 and move it to the top of the list.

If you sell well, your other business practices forgive you because you provide cash flow.

Look at the list again. Whether you’re an entrepreneur or you “run your own sales business” as a corporate rep, can you improve on any of these concerns?

Learn to ask for help or research for help, but find out where to get better, then how to do so.

You could be the next Microsoft or Google or Cisco. Somebody will be, why not you?

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