Small businesses are the lifeline of the U.S. economy. They account for around 70% of jobs in the country. However, most small businesses won’t survive their 5th year.
Operating a small business is full of challenges; especially in an uncertain economy. A small business owner should know when to expand his business, when to sell and when to close his business. The infographic below by Warman Capital expounds just that. It also provides other useful information on venture capital funding and how a tottering economy affects small businesses.
Infographic courtesy of Warman Capital.
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