Business articles for Small Business Entrepreneurs by Amy Chen - Business Coach, Consultant and Mentor

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Seven things you need to avoid business failure

Seven things you need to avoid business failure

We all know being a business owner is a hard gig.

And the statistics back that up:

  • According to the Australian Bureau of Statistics, more than 60 percent of small business cease operating within the first three years of starting.

  • 43% of one-person businesses which existed in 2011/12 were gone by 2015/16.

So why do small business fail? And what can you do to make sure you don`t become a statistic?