As we all know, not every business is successful. In fact, it’s a lot more common to see a company go under than to see it thrive. The business survival rate is low in virtually every industry.
This is certainly true with I.T. service and solution companies. Firms in our sector frequently struggle, and often go out of business. In July, Bruce Stuart, president of ChannelCorp, noted that a full 50 percent of channel partners are currently insolvent. An additional 40 percent face significant financial challenges. Only 10 percent of channel partners, he claimed, are in truly excellent financial condition.