In an economy where the climate is ripe for a small business growth there needs to be some measures taken to insure that the facts are known to all entrepreneurs. Entrepreneurs must have very good environmental awareness if they expect to stay alive in the ever changing landscape of small business enterprises. Therefore I decided to share some statistics with you ambitious driven businessmen and businesswomen of tomorrow.
According to surveys and data gathering being done by US Small Business Administration, only about 22% of small businesses survive in the long-term (in this case +10 years). This is not meant to scare you away from deciding to follow your passion and not open up your own small business. It is merely to give you a realistic image of how difficult it is to make a business sustainable in the long run.
These low percentages just prove how much time must go into planning your business out and the careful preparation and hard work that go into successful enterprises. That is why I am encouraging all of you, my readers and followers, to go to my website which has many articles which are designed to help you succeed in making your small business the very best it can be. My website can be found here. My website has articles I have put together thru my research of other successful start-ups, personal experience, and academic exposure. There is also a supporting website with other articles here. There are also many links to very useful sites listed on my website which may lead you to other sources of knowledge. There is never a price to information that is offered this freely, except the one you pay by ignoring it!
No comments:
Post a Comment