In the first few years, small companies open their doors; they have to deal with a lot of different challenges. Some companies overcome these challenges but some can’t. 20% of small businesses fail in their first-year while about 50% of small businesses fail in their fifth year.

The good news is many common business problems, and challenges are actually fixable. If you want to learn how to do it, check out these common challenges faced by small businesses and the ways to solve them.

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Garret Norris

Garret is the founder and CEO of Business Coaches Sydney and through his company, remains dedicated as ever to use his training and real life business experience to meet his passion to see business succeed through disciplined management, creative marketing and committed client service.