Why Businesses Fail

I did some research at the SBA, other government agency websites, CNN Money, and others, to discover the top reasons businesses fail. And I have listed a few reasons below:

 

  1. Owners start their business for the wrong reasons
  2. Poor execution and internal controls
  3. Insufficient capital
  4. Bad location
  5. Lack of planning
  6. Overexpansion
  7. No website

 And then I thought about what it is that Ten Talents does for our business owners and I determined that we can help you directly with at least 4 of the seven items listed, and give you sound advice on the others. A CPA is a trusted business advisor that assists and advises its clients on their accounting records and internal controls, obtaining capital, business planning, and so much more. Helping you achieve slow steady growth that will last a lifetime. Not to mention, making sure your business taxes are filed correctly and in a timely manner. If you are not currently taking advantage of the services of a CPA give us a call at 708-720-2860.

 

Janice Stevenson, CPA

www.tentalentscpa.com

 

 

 

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