Business Health Check

On average, nearly 20% of new businesses fail within their first year. These failures can result in significant financial losses, including startup costs, operational expenses, and potential debt. While some of this may be due to bad luck, it generally comes down to a lack of experience on the owner’s part.

From a lack of planning, poor financial management, marketing and sales missteps, inability to adapt to market changes, overreliance on a single client, excessive spending on technology, or bad team hires, it can all add up to your business’s detriment and ultimate failure.