Blog

Self-employed lead bankruptcies

ebook-startwiththeendinmind

More than half the small businesses that start up are bankrupt after three years, figures show – and the self-employed are the biggest victims.

In June 2006, there were more businesses than three years previously – 1963, 907. The creation of businesses in the intervening period still exceeded the number of those that failed.

The ABS study shows that survival rate is also linked to age and number of employees. The longer a business survives, the greater its chances of continuing survival.

Hence why it is imperative to work on your business, as well as in it (to quote Michael Gerber) so as to ensure you know which way you are steering, and why! A great place to start, and revisit annually. Click here to find out more.

Related posts:

  1. The Thing about Therese Rein
  2. The Bootstrapper’s Bible – Seth Godin
  3. Let your head follow your heart…

Related posts plugin by:Related posts plugin  

Start earning money online in one hour visit:Ways to make money.

Top
Top