3 Challenges Many Small Businesses Face And How You Can Fix Them

Written by Wall Street News on August 10th, 2018. Posted in Co op marketing, Industrial distributor co-op, Industrial market research company

For many small businesses, the first few years can be a struggle. In fact, according to the U.S. Bureau of Labor Statistics, up to 20% of small businesses will fail in their first year.

But these numbers don’t have to mean that you need to spend your first few years running your business in fear. Instead, consider these numbers as motivation. Many problems that give small start-ups a run for their money are surprisingly fixable.

Here are three challenges every small business faces when they first start out and what you can do to fix them because they become a nasty problem that sinks your battleship.

  1. Marketing issues. There’s a lot more that goes into a marketing campaign that many small business owners may not be aware of. For instance, you need to do a lot of research on your target audience and competition to not only market well but also to set your business apart. This can be