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Here’s its answer. “There are many reasons why small businesses fail, but some of the most common reasons include a lack of capital, insufficient market research, not having a well-defined business plan, poor management, and competition. Additionally, the early years of a small business are often the most difficult, as the business owner is trying …

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Most businesses that fail in the first 5 years fail from a lack of cashflow. They don’t generate enough money to sustain their operations and growth. Most often their lack of cashflow is because they don’t have a plan, a plan for how a they will acquire new customers, make money, and sustain their business. …

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