When you meet the CEO of a small business, you’re likely shaking the hand of the CFO, COO and CMO — and the intern who does all the coffee runs — all at once. That’s the nature of entrepreneurship. The best businesses are defined by their ability to do the most with the least amount of resources possible. And that often means one person doing the work of many.
However, success can be hard to come by for solo acts
Studies show that 15% of small businesses close their doors after one year, and the failure rate balloons to 50% over a five-year time horizon. Of course, businesses fail for a variety of reasons, but many fold due to a lack of specialized knowledge, like finance Read more…
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