Ask the Experts: To Stay in Business, Avoid These Pitfalls - Virginia Bridges
Shop Talk reporter Virginia Bridges reached out to David Grant, Raleigh SCORE chairman, who, with the help of other SCORE volunteers, shared the top five reasons why small businesses in the Triangle fail.
1. Running out of cash: Most businesses start self-funded. Owners put in some of their own money and don’t take money out. At some point, the owner can no longer afford to contribute financially and must close the business.