how to run a successful small business

About 20 percent of small businesses in the US fail in their first year. And around 50 percent of the remaining businesses falter and go belly up by the fifth year. Poor business planning, mismanagement, inadequate financing, and marketing…

According to research, only 25 percent of businesses are still kicking after 15 years or more. So if you're managing a business and you want it to be profitable for the long haul, you might be looking at that statistic and thinking, "Is…