Financially Simple

In episode 338 of Financially Simple, Justin looks at the main reasons that a small business will likely fail within the first few years. Failure to plan is planning to fail, and never is this more true than with new businesses that start out without proper planning. In this episode, Justin lists the seven main reasons that small businesses don't last more than a few years and offers solutions to overcome each of the issues. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 00:45 - 7 Reasons Small Businesses Fail 02:58 - Failure to Create a Business Plan 05:13 - Failure to Investigate the Market 07:21 - Financing Obstacles 08:33 - Poor Marketing Decisions 09:57 - Failure to Innovate 12:06 - Expanding too Quickly 13:11 - Poor Management 14:47 - Summary   RESOURCES: Work with the Financially Simple Team Financially Simple on YouTube Subscribe to the Financially Simple Newsletter Ask Justin a Question NEW Book: The Ultimate Sale