The infographic below details the top reasons for small business failure and success, according to studies organized by the firm All Business Loans. Not surprisingly, one top factor is access to funding.
There’s this thing online called “trolling.” It’s when you post something really outrageous just to get a reaction out of people. That’s what I think the online magazine Slate was doing recently when it posted an opinion piece critical of lemonade stands.
"Small business job creation continues to be missing link in the recovery," says Holly Wade, senior policy analyst of NFIB's Research Foundation. No major changes in job openings were reported in May, but owners were a bit more optimistic about hiring in the future.
Rosalind Brewer, president and CEO of Sam's Club, says that its small business members are running so close to the edge that they have taken to buying items the day before they need it or even the same day.
More than 15 years ago I was struggling in the beef cattle industry because I was doing things exactly the way everyone else was doing them—raising cattle and then taking them to the feedlot. It’s a great business when things are good but when the market is down you are in the dumps as well.