Studies have shown that at least one third of small businesses fail within their first three years of operation, and only a tiny fraction of those who last longer will go on to become a formidable presence in their industry. Most failures are caused by premature scaling – taking on too many clients/contracts initially, creating excessive overhead by hiring too many employees, or committing to overwhelming debt repayments. After these mistakes are made it can seem as though the fruits of your labor are beginning to rot, and the bountiful harvest that you had planned starts to look more like a fleeting illusion.
To read the original article: The R.I.P.E. Method: A Comprehensive Restructuring Guide for Startups : Under30CEO
