Statistically speaking, your small business has a high likelihood of failure.

Statistically speaking, your small business has a high likelihood of failure. Keep your eye out for the signs of failure and have a plan to throw in the towel promptly and intelligently.

Whether you are a start up or a mature business, there is no guarantee of success. Lack of capital, a shortage of management experience, hiring entry-level or unskilled workers, market conditions, and intense competition are only a few of the challenges you face every day. I also strongly believe that with social media your company has to be ready to embrace it. Ignore it at your own peril.

Also don't mistreat your employees. If you mistreat your employees, it's a sign that you mistreat people, which includes your customers. DUMB!

Lastly don't cheat your employees. If you do, it's a matter of time they get to you one way or another. Through a lawyer and also they'll drag you under the bus using social media. Don't underestimate the power of social media. Now people can talk and voice their opinion freely. Nobody can stop them. Bad news travel fast on the internet and reach out to a lot of people.

So, as an employer use your asset to build your business, because your frontline employees will make or break your business. Not an owner who sits behind a desk nor the investors. They are all busy doing something that does not directly impact the business like frontline employees do.