According to Fit Small Business, in America, there were more than 52 percent of United States small businesses that were being ran from home in the year of 2014. Running a small business is has been known to be a great challenge to many small business owners. The reason that so many small business owners struggle is because they tend to lack the necessary resources to making their company run most efficiently. Many small startup companies start their journey with almost no funding. This means that many small business owners are left to fund their own company with money coming from their savings accounts, checking accounts and their family and friends. Many big-time banks happen to view small business startup companies as a huge risk to them, so they end up declining more than half of the business loan applications that come their way. There are many things that can go wrong in a small company. Many of these mishaps occur because of a lack of special tools not being used. Using tools to make your company more efficient is critical to the outcome of your small businesses.
According to Small Business Trends, unfortunately, in America more than 50 percent of small startup companies fail in just the first 4 years of being in business. In addition, there were about only 3 percent of small startup companies that actually made it to their fifth year of being in business. Running and maintaining a small business can be a big challenge on anyone. There’s so much to be afraid about when running a small business due to the high risk of losing everything that you have invested. Also, as a small business entrepreneur you have to constantly brainstorm and develop ways to keep your company running effectively, to prevent …Read more