CHECKLIST FOR SUCCESS |
CHECKLIST FOR FAILURE |
- An action-oriented approach
- Product-market fit
- The right people
- A well-researched business plan
- Financial knowledge
- Effective processes
- Targeted advertising
- Customer loyalty
SOURCE:
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- Starting your business for the wrong reasons
- There's no market or too small of a market
- Poor management
- Insufficient capital
- Wrong location
- Lack of planning
- Overexpansion
- No website and no social media presence
SOURCE:
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ADDITIONAL RESOURCE:
42 Small Business Statistics: Everything You Need to Know