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Owning your own small business is the dream for millions of us. Unfortunately it's also a nightmare for many because half of all businesses fail in the first 5 years.
In this video we look at 7 of the common reasons why small businesses fail and some things you can do to fix it.
The number one reasons businesses fail is cash flow problems. These come from a variety of different sources from rising labor costs to seasonal fluctuations to late payment clients.
You can see the main reasons businesses struggle with cash flow (and ways to fix it) in Relay's Cash Flow compass report: createwithpenn...
✅ Try Relay (get $50 when you deposit $100) ➝ createwithpenn...
IMPORTANT: Relay is a financial technology company, not a bank. Banking services and FDIC insurance are provided through Thread Bank and Evolve Bank & Trust; Members FDIC. The Relay Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa® debit cards are accepted.
The interest rates and annual percentage yield on your account are accurate as of 05/16/23 and are variable and subject to change based on the target range of the Federal Funds rate. APY will vary between 1-3% depending on the balances held. Earn 1% APY on savings balances of less than $50,000, 1.5% APY on savings between $50,000 and $250,000, 2% APY on savings balances between $250,000 and $1,000,000 and 3% APY on savings balances of more than $1,000,000. There are no minimum balances or minimum deposits required to earn interest on your account.
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💚 ABOUT CREATE WITH PENNIES 💚
I started selling digital products to create income with my RU-vid channel in 2019. Two years later I quit my job and I've been growing my business ever since.
On this channel I love sharing what I’ve learned about creating income and growing a profitable business.
💛 AFFILIATE LINKS 💛
The channel description contains affiliate links. I get commissions for purchases you make through links shown here. It doesn't affect your purchase in any way and the commissions help support this channel.
3 окт 2024
