Management

Top 5 Reasons Why Small Businesses Fail

Starting a small business is way to living your American Dream. But the market place is often unforgiving. Research shows that less than 5 out of 10 small businesses survive beyond first 5 years. Any budding entrepreneur planning to invest his time and savings into a new venture would not want to be a part [...]

Spend or withhold? When should you spend? And how much?

I will raise more questions than answer in this post.
Spending extravagantly is not good for a small business. That is clear in my mind. I have seen more businesses that spent liberally struggle, fail and die than ones that have controlled their costs. This is true even if you have venture funding. The funding [...]

Measure to Manage Performance in a Small Business

I think I am doing everything right, yet I am not successful…I wonder why?
If you have been bogged down by that query, you are not alone.
In the early 1900’s, Frank Bettger became the leading salesperson for the Fidelity Mutual Life Insurance Company. One of the ways Frank improved his performance was by measuring the results [...]