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Starting a small business is a dream for many, but the unfortunate reality is that nearly 20% of businesses fail in their first year and 65% close within a decade, according to Arkansas Capital executive vice president Craig Calafati. Still, small businesses can thrive with careful planning and smart decisions. In a GoBankingRates story, he shared nine essential strategies to help entrepreneurs retain liquidity, secure creative financing, avoid predatory lenders and plan for unforeseen challenges.
By Rebecca Meiser
Contributor, Commerce + Communities Today and Small Business Center
ICSC champions small and emerging businesses in getting from business plan to brick-and-mortar.
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