Every year new businesses are formed. The average business can last anywhere from six months to 100 years. Since the Internet is becoming even more popular, small business are popping up everywhere. Here are a list of 10 reason’s why small businesses fail.

Every year new businesses are formed. The average business can last anywhere from 6 months to 100 years. Since the Internet is becoming even more popular, small business are popping up everywhere. For instance, bloggers like Nicholas’s Blog (http://nicholasblogs.blogspot.com/) earns a living by submitting content on a daily and sometimes weekly basis. By submitting content he draws page viewers and revenue. He became successful by preforming a SWOT analysis.  He analyzed the strengths, weaknesses, opportunities and threats of his blog. Which allowed him to format his blog in such a way that he maximized his strengths and opportunities while minimizing his threats and weaknesses.

Here are a list of 10 reasons why small businesses fail:

  1. Poor cash flow management

  2. Poor debt management

  3. Over borrowing

  4. Poor market research

  5. Lack of financial planning

  6. Failure to innovate

  7. Poor inventory management

  8. Poor communications

  9. Failure to recognize their own strengths and weaknesses

  10. Trying to go it alone