Eighty percent of all new small businesses fail in their first five years. Inadequate front-end planning.
Continuous planning is essential during the growth of a business.
Insufficient capital for startup and back-up . Even the most dedicated workaholic cannot overcome ongoing capital deficiencies due to startup losses. The wrong location. Low traffic, no expansion area, changing characteristics of the neighborhood. The customers are out there, but the business is not convenient because of driving and parking distance, transportation costs, employee unwillingness to live in the community.