Why Most Small Businesses Fail During Growth Not Recession

Why Most Small Businesses Fail During Growth Not Recession

It sounds counterintuitive, but it’s true: More businesses fail during periods of growth than during downturns. Recessions force discipline. Growth exposes a lack of it. When Discipline Starts to Slip When sales are slow, business owners tighten up: But when revenue starts climbing, something dangerous happens… Confidence replaces caution. The Growth Trap And that’s where […]