When you look at statistics about the life of business startups, you may be discouraged because the vast majority of startups never get to celebrate their 5th anniversary. Almost 9 in 10 startups never celebrate their 10th anniversary. This is because most businesses usually fail in the early stages. If you are the owner of a business that is failing, you should look for the best failing business advice. The first thing you should do, however, is to stop the hemorrhage of cash. If you make decent sales, but you always end up with a negative cashflow, stop spending before you can deal with the impending business failure.
You may need to let go of your employees and avoid ordering up slow-moving inventory from suppliers. When it comes to marketing, think of organic SEO and social media marketing, which are much cheaper, but highly effective. It is also recommended you consult a business advisor.