Degrees of difficulty

Most small businesses fail because they should.

We spent the Bank Holiday Weekend with a couple who live outside London. She had recently invested in an (existing) online fashion business owned by a friend. That was a few months ago. Money is unaccounted for. Cheques remain at best uncashed at worst deposited in the 'wrong' place. Accountants unmet. No clear understanding of roles, responsibilities or even equity stakes. That sinking feeling that this is all going to end in tears.

Most small businesses fail because they should.