Why Retail Businesses Fail
It’s tough out there for retail entrepreneurs.
According to Intuit Canada, 15% of new businesses fail in year one, and the stats show that just over 50% of retail businesses are viable after five years. So, how can you make sure your business doesn’t become just another statistic? The factors that affect success won’t always be in your control, so it’s important to minimize risk where you can. This report draws on the latest research as well over 25 years of retail consulting experience to help you avoid common mistakes and give your retail business the best possible chance to succeed.