How Does A Business Survive The First 5 Years
It’s no secret – the majority of SMEs don’t make it to their fifth birthday. But survival isn’t down to luck. Businesses that last share common habits and strategies.
Here are 6 ways to ensure your business makes it past the 5-year milestone.
Master Cash Flow Early
Monitor income and expenses closely. A solid cash flow forecast can prevent most financial crises.
Build a Strong Customer Base
Focus on delivering excellent service and nurturing loyal customers who come back and refer others.
Invest in Marketing
Visibility is survival. Even on a small budget, consistent marketing makes the difference between growth and stagnation.
Stay Agile
Markets change fast. Businesses that survive adapt quickly; whether it’s pricing, products, or technology.
Look After Yourself
Owner burnout is a major cause of failure. Prioritise balance so you can make smart, consistent decisions.
Get External Support
A coach or advisor provides accountability, perspective, and expertise that most owners can’t access alone.
Surviving 5 Years Is Tough
With financial discipline, loyal customers, and the right support, your business can thrive long into the future.
Want guidance to secure your first 5 years? Contact Win Win Partnering.
