Comments on: Small Business Stats and Facts in 2022 https://firstsiteguide.com/small-business-stats/ Online Business Advice Wed, 20 Apr 2022 09:34:50 +0000 hourly 1 By: Deian Isac https://firstsiteguide.com/small-business-stats/comment-page-1/#comment-107080 Fri, 30 Apr 2021 10:50:19 +0000 https://firstsiteguide.com/?p=7677#comment-107080 Very insightful. I’m not surprised that “the most common negative reason to close a small business is non-profitable operation.” One way to solve this issue is to niche down, and focus on a specific business segment.

Business owners will know exactly who their target market is, they can focus their energy on one service, and easily grow their company without investing too much time, money, and effort into unprofitable services/products.

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