Small Business Quick Quiz
Question #19
Name the biggest killer of small business:
- a. Lack of adequate start-up capital
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The answers to the questions are listed here in short form. For more complete discussion of the issues raised, visit the linked resources. Better still, subscribe to Small Business Pro. newsletter.
For a more detailed explanation, see the following Resource Information…
19a. This is the second biggest killer — and it’s really a function of the biggest killer of small business, if you think about it carefully.
19b. This is killer #3 — and also a function of the biggest killer.
19c. This is Numero Uno… the Biggie… the one that finishes off the vast majority of small businesses. Let’s face it, if you knew what you needed to know, all the other killers would disappear. You’d know how much start-up capital you need — and how to get it — or you wouldn’t even attempt to go into a lost cause. And you’d know how to create the cashflow you need. Those two are #2 and #3 respectively. They’re really just functions of #1 — Lack of business know-how. Simple ignorance.
19d. Are you kidding? Better click here for a reality check!
19e. Yes, poor bookkeeping will prevent you being in control… but it’s still a function of either ignorance or being too busy — neglect. Which is a function of ignorance anyway.
19f. Also a function of #1 — Lack of business know-how (ignorance).