It’s undoubtedly true that many small businesses are still struggling today despite things having normalized earlier in the year. Though a shock to many given the hard work put in preparation and planning by different stakeholders, failure in small businesses is no longer news. The U.S Bureau of Labour Statistics reports that roughly 20% of new small businesses in the United States of America do not go past their first year. Challenges such as lack of finances, unhealthy competition, lack of expertise, and failure to adopt technology are among the leading causes of failure. There is, however, hope, as evidenced by millions of startups thriving and keeping up with well-established businesses post COVID-19. Here is what you can do to ensure your small business is on this list.…more »