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Top 5 Reasons Small business start-ups fail

By Pete Czechowski

Real Estate Agent

May 28, 2008 10:52 AM

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.

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Jeff Stinson

Kasteel Property Management - Property Manager - Springville, UT

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

May 28, 2008 10:57 AM

Konnie Mac McCarthy

MacNificent Properties, LLC - Cobb Island, MD

Broker/Owner - VA & MD "Time To Get A Move On!"

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 :)

May 28, 2008 10:59 AM

Robert Machado

HomePointe Property Management, CRMC - Sacramento, CA

CPM MPM - Property Manager and Property Management

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

May 28, 2008 11:01 AM

Patty Keller

AnotherME, LLC - Atlanta, GA

AnotherMe - 770-414-9393 - RE Virtual Assistant

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

May 28, 2008 11:05 AM