What's it: Small businesses refer to businesses with small operating sizes. There are several criteria for categorizing companies based on their business size, including the number of employees, income, invested capital, market
Small Business
Challenges faced by entrepreneurs in new small businesses
The challenges faced by entrepreneurs can vary widely. It depends on what business they are going to run and how much resources they have. Identifying and coming up with a viable business idea is an entrepreneur's first challenge.
Reasons Small Businesses Fail
Many new businesses emerged. But, most of them failed to grow bigger. For example, in the United States, 30% of new businesses fail during the first two years of their operation, 50% during the first five years, and 66% during the