When you have a great idea for a business, the thrill can drive you headlong into an energetic launch. But wait. Statistics show that over 50% of businesses fail in their first five years – with 30% failing in the first year alone. There are several reasons why businesses go down but this early failure […]
The price is right: Are you charging the correct amount for your product or service?
Setting the price point for your product or service is one of the biggest obstacles to success when starting a business. You could have the best offering in the world, but without charging the right amount you will either lose money or lose customers. Either way, you’ll be out of business before you know it. […]