Financial Insights | March 7, 2013
Cathy Yeomans, Imagine Public Relations, White Rock, BC, firstname.lastname@example.org
Entrepreneurs are usually characterized as creative, independent, innovative and hard-working but how many entrepreneurs are financially literate?
According to Industry Canada, 85 percent of new small businesses survive their first year but that number drops to 70 percent after two years, and dives down to only 51 percent after five years. Common reasons for this are that business owners:
Don’t let your business fail because of a lack of financial knowledge. Take advantage of the resources available to entrepreneurs. Here are a couple to consider: