Entrepreneur- Founder of Balleo Engineering - I stand with Small Business Owners. Underdog Supporter. #NedbankPartner
Apr 12, 2023 • 9 tweets • 3 min read
Why do small businesses fail? A question I asked myself many times before I started my business because, like many entrepreneurs who are new in the game, I was terrified of failure.
Here are 7 of the reasons, why small businesses fail: 🧵
#SageForSmallBiz
Lack of capital: Small businesses often struggle to secure enough funding to keep the business afloat during the early stages.
Without adequate capital, a business may not be able to pay for necessary expenses like rent, equipment, inventory, and marketing.
