Home : Blogs : Pete Czechowski : Pete's Blog

Top 5 Reasons Small business start-ups fail

If you've ever started your own business and bootstrapped it, then you can can probably relate to this post.
Question: Why do most small business startups fail?
Answer:
5. The owner runs out of money
4. The owner's friends run out of money
3. The owner's spouse and children run out of money
2. The owner's employees run out of money
and the Number One reason why small business start-ups fail....
1. The owner runs out of family, friends and employees

Can you relate??? Hopefully, this gave you a reason to laugh out loud today.

Posted by Pete Czechowski on 05/28/2008 05:52 PM

Comments (4)

funding, startups, florida

This post has been included in Florida Information Brevard County, FL Information Satellite Beach, FL Information
Post is included in group: Short Sales Specialists
Post is included in group: Waterfront Agents
Post is included in group: South Florida Commercial Real Estate
Post is included in group: It's all about them (ThemThem)

4 Comments on Top 5 Reasons Small business start-ups fail

I've been working on starting my own business. I can relate to the feeling but I'm hoping to be able to hold out long enough for the money to come in.

Jeff Stinson

Property Manager

www.stonebridgerealestate.net

ambarella

05/28/2008 05:57 PM

by Jeff Stinson (Stonebridge Real Estate - Property Manager)

Hey..your not joking..my husband started his own business.and did not anticipate the expenses would be what they were...thank God for an SBA loan..that we had to promise our first born for :)

05/28/2008 05:59 PM

by Konnie MAC Northern Virginia Real Estate (Konnie McKee )

Just for the record, that is also why large businesses fail. Money is truly at the root of all issues.

05/28/2008 06:01 PM

by Robert Machado, CPM MPM Sacramento Area Property Manager and Property Management (HomePointe Property Management, CRMC)

Pete,

I started my business 5+ years ago and it has been a real learning experience. I would say that most people who start a business are not prepared to "sell" their business everywhere they go. You also have to "re-invent yourself" every 6 months! As soon as you figure "it" out, then you grow and need to change again! It takes a lot of determination, hard work and passion. But in the end, you will be so proud and even make some money doing what you love!

Patty Keller, AnotherME

www.anotherme.com

05/28/2008 06:05 PM

by Patty Keller (AnotherME, LLC)

Leave a response…

Name:

Notify me of new comments:

Comment:

What does the graphic say?