{"id":1495,"date":"2013-06-21T00:09:06","date_gmt":"2013-06-21T00:09:06","guid":{"rendered":"http:\/\/www.shanecampbellcfo.com\/?p=412"},"modified":"2023-04-20T19:10:07","modified_gmt":"2023-04-20T19:10:07","slug":"business-basics-why-do-so-many-small-businesses-fail","status":"publish","type":"post","link":"https:\/\/www.b2bcfo.com\/shane-campbell\/small-businesses-fail\/","title":{"rendered":"Business Basics &#8211; Why do so many small businesses fail?"},"content":{"rendered":"<h2>Business Basics &#8211; why small businesses fail<\/h2>\n<p>Early stage companies often fail, not because they don\u2019t have a good product or service, but because they are undercapitalized.\u00a0 The entrepreneur miscalculates the amount of time it will take for the product\/services to catch on, or the amount of capital it will take to finance the equipment and working capital needed for sustainability.<\/p>\n<h2>Business basics &#8211; Running a later stage business with goal clarity<\/h2>\n<p>Later stage companies fail less often, but do so usually because the business owner loses focus or experiences health issues.\u00a0\u00a0 Running a successful business requires goal clarity.\u00a0 A lack of goal clarity will cause failure as the competition will ultimately become better at what you do. \u00a0Equally damaging is the natural tendency of business owners to stop doing the task of finding new products, services and customers.\u00a0 Click <a href=\"http:\/\/www.shanecampbellcfo.com\/2013\/05\/03\/your-sales-are-stuck-at-3-to-5-million-and-what-to-do-about-it\/\">here<\/a> to learn more about Finders, Minders &amp; Grinders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business Basics &#8211; why small businesses fail Early stage companies often fail, not because they don\u2019t have a good product or service, but because they are undercapitalized.\u00a0 The entrepreneur miscalculates the amount of time it will take for the product\/services to catch on, or the amount of capital it will take to finance the equipment&hellip;<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","cybocfi_hide_featured_image":"","footnotes":""},"categories":[29],"tags":[34],"class_list":["post-1495","post","type-post","status-publish","format-standard","hentry","category-other","tag-business-basics"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Business Basics - Why do so many small businesses fail?<\/title>\n<meta name=\"description\" content=\"Are you looking for Business Basics as a small business owner, look no further!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.b2bcfo.com\/shane-campbell\/small-businesses-fail\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business Basics - Why do so many small businesses fail?\" \/>\n<meta property=\"og:description\" content=\"Are you looking for Business Basics as a small business owner, look no further!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.b2bcfo.com\/shane-campbell\/small-businesses-fail\/\" \/>\n<meta property=\"og:site_name\" content=\"Shane Campbell\" \/>\n<meta property=\"article:published_time\" content=\"2013-06-21T00:09:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-20T19:10:07+00:00\" \/>\n<meta name=\"author\" content=\"Shane Campbell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shane Campbell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/small-businesses-fail\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/small-businesses-fail\\\/\"},\"author\":{\"name\":\"Shane Campbell\",\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/#\\\/schema\\\/person\\\/8ee8bc641094acda4505098bb405e653\"},\"headline\":\"Business Basics &#8211; 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