What Steps Can You Take to Avoid Business Failure and Thrive in 2021?

What steps can you take to ensure your business will not just survive, but thrive in 2021? The Washington Post said that over 100,000 small business have closed forever due to the pandemic. The Bureau of Labor statistics says 90% of new businesses fail. Why is that?

CB Insights’ annual post mortem of startup failures says the top three reasons are: 1. No market need. 2. Ran out of cash. 3. The wrong team.

In a recently published white paper, I address how you can mitigate reasons 2 & 3. The right CFO or Controller can use financial processes and analytics that can free up cash and can work in partnership with you – the owner or CEO – to make strategic decisions that can unlock profit and catapult sales growth. Take a look: “5 Analytical Processes that Will Make Your Business Thrive Rather than Just Survive.”

I’d love to hear what you think.  Email me at richard.bond@bondandcompany.com.

 

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