A financial feasibility test for aspiring entrepreneurs.
Entrepreneurial Executive › Nbr. 15, January 2010
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A financial feasibility test for aspiring entrepreneurs.
INTRODUCTION
Hundreds of thousands of small businesses are created annually, yet it has been estimated that as many as 80% fail within the first five years (Nickels, et al., 1999). While there are many reasons for small business failures, including lack of experience, failure to properly price goods and services, and inadequate record keeping, one of the most common is undercapitalization (Case, 1996; Gross, 1993). We have worked with many small business owners, both in our professional practices and through presentations at local Small Business Administration seminars. In the process, we have met many ...See the full content of this document
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