99.9% of businesses in the country fall onto the category of SMEs. They are the main source of new jobs, but it requires great teams and leadership to open a new shop and keeping it open.
According to data collected by the Bureau of Labor Statistics, 20% of the new businesses close in their first year. The reasons may vary between industries and cities, but all of them have a thing in common they should care about: Administration of resources.
We share with you some elements related to bookkeeping that should be looked at if you are an entrepreneur or if you are thinking about becoming one.