Caufield & James, L.L.P Caufield & James, L.L.P

Serving clients statewide, including: Los Angeles, SF Bay Area, Sacramento, Bakersfield, Fresno & San Diego

Call us now toll free:866-585-8944
search Navigation Menu

November 2017 Archives

Mistakes entrepreneurs should look to avoid

Most startups in California and elsewhere will run into problems at some point. Even if an entrepreneur has a quality idea, his or her company may not be as successfully as imagined. In some cases, this is because of a lack of planning on the part of the entrepreneur. Ideally, a company will know who its target customer is, what that person's price point is and other variables before beginning operations.

Why startups may fail

Those who are thinking of starting a business in California or elsewhere should know that only 20 percent of businesses survive past the first year. Half of these companies fail because of a lack of funding or ability to generate a profit. This often is due to business owners taking any deals that they are offered when first starting their companies.

Why security is important for new companies

Business owners in California and elsewhere should have a cybersecurity policy from the minute they start their companies. While technology strategy was once an afterthought, it now plays a major role in running a successful company. In many cases, how a company uses technology will dictate how the company operates. This is generally true even if a business isn't in the technology sector.

Reasons why many small businesses fail

A majority of new small businesses in California will fail within the first few years. A whopping 75 percent of startups that receive venture funding fail. Most other types of small enterprises fail within the first 10 years after opening. There are multiple reasons that small businesses fail, and entrepreneurs might avoid these problems with careful planning.

Contact us now to begin a confidential case evaluation:

Caufield & James, L.L.P

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

[an error occurred while processing this directive]