Correct Answer: C
According to a Small Business Administration study, “Financial Difficulties of Small Businesses and Reasons for Their Failure”, 28 percent of small businesses filed for bankruptcy because of the financial structure. Other reasons were:
- Outside business conditions: 39%
- Inside business conditions: 27%
- Tax-related reasons: 20%
- Dispute with creditor: 19%
- Personal problems: 17%
- Calamities: 10%
Do you see foresee growth in your company in 2013? Now is the time to take action!
317-578-1310 | clifford@safarisolutions.com