The Art of Small Business Success [Infographic]

Thinking about possibly starting you own small business? This could be excellent if your entrepreneurial spirit is rising—if you keep a few things in mind. While 40 percent of small businesses are profitable, 30 percent are continually losing money. Nearly half of all small businesses fail within the first year. Despite how great you think your business idea and model is, it’s in your best interest to start small.

A common downfall of many small businesses is that too much cash is tied up in overhead at the beginning. It’s also important to really understand your market by learning as much as possible about your target demographic. To succeed, you’ll need to maintain quality merchandise, listen to your customers, define company goals, and effectively market your business.

To learn more tips on how to start a small business as well as some of the more high risk business ideas, check out the infographic below presented by

The Most Tried and Failed Small Businesses

Brian Wallace is the Founder and President of NowSourcing, an industry leading infographic design agency , based in Louisville, KY and Cincinnati, OH which works with companies that range from startups to Fortune 500s. Brian also runs #LinkedInLocal events nationwide, hosts the Next Action Podcast, and has been named a Google Small Business Advisor for 2016-2018. Follow Brian Wallace on LinkedIn as well as Twitter.

More from author

Leave a Reply!

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related posts



Latest posts

A Guide for Housetraining Your Dog

A dog is a happy and loving addition to any home, whether a single professional, a couple, or a large family. A...

A Guide To PPC Metrics: How To Boost Your Conversion Rates

What is PPC? PPC means ‘pay-per-click’, a form of online marketing where advertisers must pay a small fee when...

9 Useful Code Snippet Tools That Will Help You Store And Manage Your Code Library

Creating code and notes rarely does without snippets. This is reasonable because all people want to do less routine work. It is...

Want to stay up to date with the latest news?

We would love to hear from you! Please fill in your details and we will stay in touch. It's that simple!