We often come across a million-dollar question- why do small business organizations or startups fail? Well, an array of reasons are responsible for this, and that’s exactly what we are going to discuss in this blog. According to SBA or Small Business Administration, it’s quite evident that nearly 80% of the firms survive the competition in the first year. The number drastically reduces from 45.4% to 51% after passing the five-year mark.Several reasons such as lack of adequate planning and accounting services in Singapore leads to business failures. Read more: https://growwthpartners.com/growth/8-reasons-why-small-businesses-fail/
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