Biggest Obstacle Holding Your Business Back?
Small Business Trends Poll
“Cash is king” is a phrase you hear often in connection with small businesses and startups. Insufficient cash flow is one of the reasons small businesses fail. Lack of cash can also slowly strangle a business, cutting off its lifeblood, or at least stunting its growth. So no surprises here: over 60% said their biggest obstacle was lack of funding or insufficient cash flow. But perhaps most interesting of all were the #2 and #3 choices: they had to do with staffing. Dealing with employees is challenging in general, and doubly so in a small business where you can’t always compete on pay and benefits with larger competitors. Just remember, creativity and sensitivity with people goes a long way. Here is the full poll:
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