Posts Tagged 'small business bankurptcy'

Tips for Keeping Your Small Business out of Bankruptcy

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There is no magic formula for keeping your small business out of bankruptcy. In fact, small business fail at an average rate of as much as 44% by their third year of business. The primary reason for failure is incompetence.*  Specifically, the incompetence can be attributed to the business being “too big for its britches,” non-payment of taxes, lack of planning, no knowledge of proper pricing, no knowledge in ...

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