What Makes Small Businesses Successful?
By: Jeanne Arieta
Starting a new business makes you thrilled about the good fortune it may bring to you in the future. As an owner, you’ll be armed with hope, perseverance, and even passion. However, statistics show that 9 out of 10 startups will go out of business, with only half surviving five years or more. Now that you’re here, you’ll ask yourself: how can I be that 1 out of 10 successful business?

Great! You’ve bumped into the perfect article for your question. Paul Trujillo identified six reasons why small businesses succeed: (1) having a well-defined vision, (2) getting things done is top priority, (3) networking is important, (4) leaders keep high standards and push positivity, (5) they invest in the right processes and systems, and (6) they master their budgets. In this article, I will be delving more into the last two reasons mentioned by Paul.

A lot of startups failed because of financial matters such as running out of funds. As they say, money will always be a challenge especially for those in the business field. Trujillo suggests that in order to overcome financial challenges, business owners should consider getting capital from various investors or a business loan. Running into a smooth operation is a key determinant of success. Alongside this, they should also be avoiding unnecessary spending.

David Bly once said, “striving for success without hardwork is like trying to harvest where you haven’t planted.” Financial challenges are also part of how we will write our success stories. Never lose hope and just hold on into something that will help you grow like that of a financial partner.

Kayamo is the perfect financial partner. With its 0% interest rate and fast approval feature, you’ll surely be able to see the return of your investment in no time. To learn more about Kayamo, you may visit www.kayamo.ph.

Source: https://www.business2community.com/small-business/6-reasons-small-businesses-succeed-02017723