The mission of my company is to boost the success rate of small businesses, so the typical problems that cause them to fail can be overcome and we can begin to reverse the statistic that most small businesses fail.
The SBA projects that by 2027 more than 50% of the US workforce will work for small businesses (businesses with 500 employees or less), freelancers, and gig economy workers. That is over 80 million people.
While a phenomenal number, statistics also show only 40% of small businesses are profitable. 30% break even.
The rest are losing money. Because of these losses, one in 12 small businesses closes their doors each year. If you throw in a global crisis like COVID-19, these numbers compound in a bad way.
SBA also reports 82% of small businesses fail because of cash flow problems.
The SBA projects that by 2027 more than 50% of the US workforce will work for small businesses (businesses with 500 employees or less), freelancers, and gig economy workers. That is over 80 million people.
While a phenomenal number, statistics also show only 40% of small businesses are profitable. 30% break even.
The rest are losing money. Because of these losses, one in 12 small businesses closes their doors each year. If you throw in a global crisis like COVID-19, these numbers compound in a bad way.
SBA also reports 82% of small businesses fail because of cash flow problems.
I'm on a mission to reverse this statistic by helping small businesses build healthy companies that sustain during hard times, as well as enjoy the good times, while building up their communities and creating jobs.
98% to 99% of all businesses, in many countries, are small businesses, including the US, Canada, Germany, Japan, and Colombia, plus many more.
What I know for sure is if a small business owner has a good product or service their target market wants to buy and they're committed to making their business financially sound, it is completely possible to survive. By applying business experience and best practices, a business owner can make profitable decisions and lead their company to success in every way. Success doesn't happen overnight, but with consistent focus and smart decisions making, success does happen.
98% to 99% of all businesses, in many countries, are small businesses, including the US, Canada, Germany, Japan, and Colombia, plus many more.
What I know for sure is if a small business owner has a good product or service their target market wants to buy and they're committed to making their business financially sound, it is completely possible to survive. By applying business experience and best practices, a business owner can make profitable decisions and lead their company to success in every way. Success doesn't happen overnight, but with consistent focus and smart decisions making, success does happen.
I want every small business to succeed because they enable our communities to succeed.
THAT IS MY MISSION.