Businesses are incredibly difficult ventures to start. More than half of all businesses fail within five years of starting, according to statistics gathered in 2016. While this is far better than the traditional belief that half fail within a single year of starting, it is still clearly a challenge to start and continue running a small business.
The reasons for this consistent failure can be difficult to pinpoint, especially because there are so many different factors that can affect it. However, one consistent failure of small businesses is a lack of capital, and by extension, a lack of investment. If you don’t have enough money to spend, then your business is likely to fail in the near future.
