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Ten Common Causes of Business Failure

OnStrategyHQ

Statistically, roughly 66 percent of new businesses survive two years or more, 50 percent survive at least four years, and just 40 percent survive six years or more. This is according to the study “Redefining Small Business Success” by the U.S. Small Business Administration. Inadequate financing. Poor management.

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Top 2023 SMB technology predictions that business owners want to know

ACT

But, despite the enthusiasm that many of us share over new products and how they can improve our workflows and business models , 61 percent of SMBs in the U.S. The very definition of SMBs separates them from larger businesses, making their SMB solutions and technology requirements will differ. Automation.

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11 Best Small Business Books to Add to Your Reading List Today

Nutshell

We’ve compiled an essential list of the best small business books for your reading list. Table of Contents The benefits of reading for small business owners 11 best books for small business owners The benefits of reading for small business owners Entrepreneurs understand the value of lifelong learning.

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The role of CRM in today’s small & medium-sized businesses

ACT

Throughout the pandemic, increased resilience and adaptability became necessary as SMBs were forced to quickly adopt new ways of working to remain open and profitable while navigating numerous supply chain and resource limitations. CRM Survey Report Recap. Why is there such resistance to software integration by SMBs?

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Reinventing Sales: Outbound Selling, Incentive Compensation, Tech Innovations & Why You Should Care

SalesGlobe

Reinventing Sales: Outbound Selling, Incentive Compensation, Tech Innovations & Why You Should Care Michelle Seger Welcome to the Rethink Sales Podcast. And, you know, but again, that can be communicated in pay plans. Michelle Seger OC simple and easy to understand and communicate. I’m your host, Michelle Seger.

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The Untapped Potential of Business Process Management (BPM) Tools for Small Businesses

SmartKarrot

The ever increasing competition in the business setting calls for entrepreneurs to find strategies they can use to make sure their brands stay ahead of their rivals. One way small businesses can do so is by enhancing their business processes using business process management tools that help in refining business operations.

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The 5 Stages of Entrepreneurship

Hubspot Sales

Of course, the thrills of creating an effective business, working on your own terms, and enjoying financial freedom are rewarding. However, turning your idea into a profitable business is no simple task. However, depending on your business idea, it may take months or years to scale these challenges and reach the finish line.