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 content marketing agency that makes the world's ideas simple, visual, and influential. Brian has been named a Google Small Business Advisor for 2016-present, joined the SXSW Advisory Board in 2019-present and became an SMB Advisor for Lexmark in 2023. He is the Co-Founder for The Innovate Summit which successfully launched in May 2024.
