Why so many small firms fail in their second year, not their first
The first year of a new business is cushioned by savings, goodwill and tax timing. The second year is when the real bills arrive.
Editor-in-Chief & Business & Markets Editor
Marcus Vale is Daily Junction's Editor-in-Chief, accountable for the editorial standards and integrity of everything we publish. He also reports on markets, the global economy and corporate strategy, translating financial jargon into plain English.
The first year of a new business is cushioned by savings, goodwill and tax timing. The second year is when the real bills arrive.
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