Small
business is BIG business!
According
to Forbes Magazine, there are over 28,000,000 small businesses
in the United States. Small businesses have generated over 65%
of all new jobs since 1995;
-
About 22,000,000 are non-employer businesses (the owner
is the only paid employee) and
about 6,000,000 are employer businesses (those with at
least one paid employee in addition to the owner);
- Non-employer
businesses generate just under $100 billion in annual
revenue;
- Employer
firms with less than ten paid employees generate over $450 trillion
in annual revenue;
- Employer
businesses with less than ten paid employees employ over 15,000,000
people;
- About
half of employer businesses close before the end of the fifth
year;
- Only
about one-third of employer businesses are still in business
after fifteen years.
- Non-employee
businesses have a higher failure rate than employer businesses
So
why do so many small businesses fail? And what can be done to
help them avoid and/or overcome threatening conditions?
Well, they fail most often because:
- New
business owners fail to plan properly;
- Owners
lack personal skills necessary for successful development and
management;
- Established
owners are not properly prepared for situations that might put
their company in jeopardy;
- The
owners wait too long to seek assistance;
So what can be done to overcome these factors? Easy - - - educate
them.
And that is what Ed Ormsby does in his Small Business Success
programs. Through his interactive, easy to understand seminars,
he gives both prospective and existing business owners the knowledge
and tools they need to succeed. Not only does he include basic
start-up topics such as introductions to entrepreneurship, business
planning, finance, marketing, nonprofits and grant writing in
his New Business development Series, he provides personal skills
training in his Personal Development Series. All seminars can
be offered independently AS Certificate programs.
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