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Lack of Business Training Contributes to Small Business Failures

 

12.01.05

Lack of Business Training Contributes to Small Business Failures

Online Training Results in Increased Productivity and Business Success

Over half a million U.S. small businesses will fail this year according to statistics from the U.S. Small Business Administration. For every one business that succeeds, ten will not. Business failure is not only common with new start-up companies but also with businesses that have been around for some time.

An analysis by Coleman Management Services Inc., found that less than 17% of the reasons cited for business failure are due to outside influences such as inflation and economic reasons, or union problems. 83% of the reasons a business fails are within the control of business owners and managers.
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Category: e-learning

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