Recent studies have shown that 50 percent of small businesses will fail within the first year and a staggering 95 percent will close their doors before they hit their fifth year of operation. Many factors go into the success or failure of any small business.
This infographic presented by top-business-degrees.net explains why some businesses fail and others flourish.
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Brian Wallace is the Founder and President of NowSourcing, an industry leading infographic design agency , based in Louisville, KY and Cincinnati, OH which works with companies that range from startups to Fortune 500s. Brian also runs #LinkedInLocal events nationwide and virtually, hosts the Next Action Podcast, and has been named a Google Small Business Advisor for 2016-present. He joined the SXSW advisory board in 2019.
