Make or Break Report – a must read for entrepreneurs

entrepreneur

Xero have surveyed over 2,000 business owners to find what separates a successful entrepreneur from a failed one. Three key findings were identified:

  1. 58% say family time is crucial to effectiveness as a business owner. You don’t need to work around the clock and it is important to prioritize your family in the weekends
  2. Nearly half of successful businesses invest in marketing campaigns. Simply, you have to spend money to make money
  3. 58% of surviving entrepreneurs use software to manage finances vs 14% of failures. Moreover, 65% of failed business owners blame poor financial management for their downfall

The full report can be read here