Nearly half (45 percent) of small business owners in the Capital One survey say taxes are a major worry. 30 percent say tax regulations regulations negatively affect their business last year.
42 percent say cash flow is a challenge for them, that up 11 percent from 2017.
32 percent say “keeping up with current technology” is a major challenge.
Business owners claim they have their expenses under control. however, they are unsure that all of the expense claims are justified. Many business owners have not audited their Vendors in the last 3 years. Business owners experience the “friend effect”. They like and trust the vendors they use therefore growing complacent.
According to the Small Business Association (SBA), 30% of new business fail during the first two years of being open, 50% during five years and 66% during the first 10.
MindCorp Solutions reviews all expenses a business owner may have, and finds real savings. Potentially saving the business thousands of dollars a year. MindCorp will perform and expense Audit for FREE. No strings attached. We charge a small percentage of the saving we find. This means the business adds capital to the businesses cash flow, and the MindCorp fee is already in businesses budget. A win, win.