Why do so many small businesses fail? According to this blog post, one of the main problems is that entrepreneurs themselves are the least likely to understand what has gone wrong with their businesses. As Jay Goltz opines, if business owners understood why their business was failing, they’d be able to fix it.
Some of the top ten problems: operational inefficiencies, out of control growth, poor accounting and owners who cannot get out of their own way.
Check out Goltz’ Top Ten Reasons Why Small Businesses Fail and see if any of the top ten apply to your small business.