5 Small Business Secrets You Didn’t Know
According to the US Bureau of Statistics, there are 28 million small businesses in the U.S. which accounts for 60 to 80% of all new jobs and 44% of U.S. payroll.
This highlights the importance of small business enterprises in the economy. Another interesting fact that will intrigue small business owners is that there are 1162 times more small businesses as compared to large corporations.
But the latest figures also suggest that only 50% of businesses survive five years or more. There are several causes attributed to this appalling rate of small business failure. Improper planning and short-term approach are the major reasons that cause a small business to disappear. But those who have managed to survive and grow, what are the secrets behind their success?
Below are five small business secrets that you may not know which will lead you to the path of success
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