Tips To Run A Successful Businessby: www.newhorizon.org

Running a business is NOT easy!

● Statistics indicates that 99% of the new business fails on the first 5 years.

● And only 30% will survive in more than 10 years.

Don’t become another member . . .

of the failing statistics.

Here are tips on how to prevent your business from failing!

Look at your business objectively

● Remove yourself from the equation.

● Viewing it as a separate entity will help you put the business in perspective and identify areas that need work.

Be involved in the day-to-day operations

● You must know the ins and outs of your operations and determine where the problem areas lie.

● This is the only way you will be able to analyze both income and expenses, and determine how to correct the issues and prevent failure.

Be consist and a leader

● Leadership is a great attribute for anyone to have, but as a business owner, it is CRITICAL.

● Your staff will look to you for all the answers, and you need to have them.

● By showing consistency and leadership, you will be able to provide the necessary guidance to get through any hard times.

for more information . . .

on how to prevent your business from failing http://www.newhorizon.org/credit-info/prevent-business-failing

Visit http://www.newhorizon.org/credit-info/small-business for tips on how to run a successful business.

We can also help you find the financing you need for your business http://www.newhorizon.org/NHBS/equipment.htm