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'Small businesses fail because owners don't plan ahead'. Is this statement true? In order to answer this question the above statement must be broken up and a few of the words must be examined. It is important to fully understand what constitutes failure in a small business and if more efficient planning could have prevented this failure. When studying about small business failures, one must understand that there is in fact a difference between a business failing and a business going out of business or cease trading. Statistics state that "one in three small firms go out of business during the first twelve months". This statement is not a strong one when other statements show that "one small business in three fails in the first three years." How can two statements such as the two above be so different when it seems like they are both concentrating on the same subject?...

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