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The study by the Small Business Administration (SBA) in 2002, showed that 23.7% of small businesses fail within two years of start-ups, 51.7% fails after 4 years, 62.7% fails after 6 years and 80 % fails after 10 years (Rogers and Makonnen, 2002, p. 15). The latest statistics from the SBA shows that seven out of 10 new businesses survive at least two years and about 50% survive for only five years. As for 2008, there were 627,200 new business startups and 595,600 small business closures and 43, 546 bankruptcies. These success and failure trends do not vary greatly across different industries and sectors (score.org, 2009).
Schaefer (2006) found that many entrepreneurs fail because they start their business for wrong decision and they run it with poor management. Those who failed with new businesses have been fund that they lack sufficient capital and proper planning. Many businesses fail due to its overexpansion and location factor as well.
Small businesses failing mainly because it experiences a number of problems related to money, capital, management and planning as these are the key components to the success (Pride, Hughes and Kapoor, 2009, p. 142). As detailed above, improper planning, insufficient capital and poor management are the major reasons for the failure of most small businesses.
The major red flags or alerts of the failure of a business are high debt ratio, because giving too much credit to the customers will eventually cause business failure. Inadequate stock, poor management, declining working capital and selling the goods below the cost price due to fierce rigorous competition are some other factors that very often cause failure of small businesses.
Strong cash flow is critical to the business success and thus many businesses fail because it lacks sufficient cash flow. When the business is experiencing gross loss and net loss, the outcome is that business will ultimately fail. Better management skill is
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A whole range of methods have conventionally been proposed in order to counter this problem in the past, but all such efforts have generally went awry. The regulatory measures that have been taken with a view to addressing this issue have met with limited success.
Corrections and Military Police in National Guard was the answer I got after asking what other law enforcement or related jobs the company offers. I asked him for how long he had been employed, and what his title was. He said it was since 2003 and current job was a Field Supervisor.
Private security forces’ history dates back to 13th century in Egypt. Egyptian pharaoh would hire Nubians, Syrians and Libyans to compliment Egypt’s military. This practice first adoption was by Romans where the rich would hire private security to guard their properties and family.
The private business frontier is constantly facing variant risks. Although government authorities professed that the national economy is regaining balance but business security is sustainably confronted with threats of terrorism, ecological imbalance, criminalities, trading relations, fluctuation of prices, instability of forex, and labor or political unrest.
The security department is emerging as important and valued strategic level of the corporations. The main reason for the featured development is to protect each and every interest of the organizations. In all parts of the world, retirees of armed forces are high in demand to play the emerging organizational role (Waard, 1999).
However, since the protection measures are provided with some level of freedom under the General Aviation rules and several airfield responsibilities being involved, often it becomes difficult to maintain the physical security to be maintained at the commercial passenger
Their main goal in their jobs is to make the society is in peace and crime free day and night. All these officers are equipped with skills as they go for academic training and studies on how to maintain law and order. All
However, the private sector needs control and regulation from the government. For this reason, the state has provided regulations that are aimed at controlling and influencing the role of the private sector (Busch& Givens,
Private individuals and organizations, at the same time, are increasingly concern about crime prevention and they realize the public law enforcement officials often enter the scene too late to adequately protect them. Over
Training practices differ greatly depending on the security company or the state. Unfortunately, most requirements focus on quantity rather than quality. Standardization is paramount since it gives the officers a chance to look at security services, not just as a job but also as a career or a profession.
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