This is the final blog post in a three part series on start-up success for Small Business Trends. I [Melinda Emerson] have talked about life planning, working from home and now the reasons why start-up businesses fail.
These are the things that can destroy your entrepreneurial dream if they go unaddressed. Do yourself a favor—spend the time to make sure you have these business elements well thought-out in your business planning before you go into business.
1) Not developing a Life Plan—People start small businesses for many reasons. They hate their job. They need extra money. They always wanted to open an art gallery or bakery. The trouble is that too many people do not take the time to really think about what they want out of life first, and then build a business around that. They also don’t think about what their life would be like as an entrepreneur. How long do you think you could physically sustain working 7 days per week? Do you like teenagers? Well, they may be the only employees that your business can afford. You need to develop a life plan because you just do not want to start a business that is NOT a good business for you.
To read the full, original article click on this link: 5 Reasons Why Start-up Businesses Fail | Small Business Trends
Author: Melinda Emerson
