Small businesses often have a hard time making it work. Just how hard of a time may surprise you. Did you know that 20 percent of businesses fail in the first year, while 70 percent fail by year 10? The biggest contributing factor may seem obvious — cash flow problems.
Information is key for small businesses to survive and thrive. Keep in mind that having the proper business insurance can help you keep a mishap from becoming a disaster, whether you are just starting out in a new business or have been around for years.