A new survey co-sponsored by Pepperdine University & Dun & Bradstreet found that small business owners want to expand but are often held back by lack of funding, reports USA Today. A lack of workforce is also a factor that holds small business back from expanding.
Although there are many factors to a businesses success, it does help to choose a good industry, reports Entrepreneur. There are some sectors that are just more profitable than others. Service companies like Accounting, Tax & Real Estate usually perform well.
To be successful small businesses need to invest more money in several key components of their business, reports Entrepreneur. The first most important area is design. A well-designed logo is the first thing your customers see about your brand.