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Posts Tagged 'SmallBusiness'

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How Strategic Financial Leadership Affects Small Business Survival and Performance

Small businesses often struggle with financial challenges that go beyond bookkeeping, and these struggles materially impact survival and growth. According to the U.S. Bureau of Labor Statistics, about 20.4% of small businesses fail in their first year, and roughly 49.4% do not survive past five years. By 10 years, about 65.3% have closed, a sobering indicator of the long-term risks small businesses face.

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