Saturday, April 21, 2007

Fail Proof Business

According to the US Small Business Administration 50% of all small businesses fail in the first year. 95% fail in the first five years.

As a business coach I specialize in new business start-ups. The numbers for these newbies in the business world are no better or worse whether the business is based on the Internet or in the real world. Approximately 85-90% will close permanently within 6 months.

The primary reason new businesses fail is poor management. I always suggest making a business check-list to make sure all the bases are covered.

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Alex Rich PhD is a personal and business coach. He specializes in start-ups and his clients include several multimilllion dollar corporations.

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